Forget The Tough Talk – Saudi Arabia Is Desperate For a Production Freeze

At a time when the Saudis are desperately trying to hang on to their dwindling market share, it is intriguing to consider exactly why Russia and the OPEC nations are even discussing an oil production freeze, and what they hope to achieve, knowing that any increase in price will bring back the U.S. shale oil drillers with a vengeance, increasing the supply glut.

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