1. Most Discussed
  2. Gainers & Losers
ICN 2.0¢

market share

  1. locshare11

    800 Posts.
    1
    State-owned Saudi Arabian Oil Co. lowered its official selling price for Arab Light crude by 90 cents to $2.30 a barrel less than Middle East benchmarks, the company said in an e- mailed statement Thursday. That’s the lowest in at least the 14 years since Bloomberg began gathering data.

    “This is further evidence that they are hellbent on protecting their market share in China,” Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis, which oversees $2.4 billion, said by phone Thursday. “They are trying to stay competitive in what is the biggest area of growth.”
    http://feedproxy.google.com/~r/Gcaptain/~3/kCzUXhvFzh8/
    I don't understand why Saudi wanted to blow Us shale and revenged Russia position as no 2 oil gas producer by lowering prices. Clearly, once Us become self-sufficient then Saudi will have no market place in the Us and the only emerging market is China. Russia will be in recession once It loses market share in Euro zones and delay or unable to deliver its OG pipelines to China as signed twice with China president. So if Saudi loses market share in US and gain market share in CN then it becomes balanced out. If Us gains market share in Euro zones and also for itself as a world oil consumer. Saudi has market share in Middle East and China. They are both have the Fair shares in market play. So why do Saudi want to create artificial oil prices. That hurt every producers but oil comsumers take gain.
    All of these games are Equalibrium in science. So what's wrong with that. This is what I should call "oil ecosystem". This is natural not "new normal" as China president mr Xi described with a soft market landing.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.