OPEC—as well as the entire energy industry—should be thanking Saudi Arabia for its “magnificent” job in managing their production during the Covid-19 pandemic, according to Robert Yawger, executive director of Energy Futures at Mizuho Securities, in a Bloomberg TV interview this week. Yawger added that the entire market would be best left in Saudi Arabia’s hands to manage.
The energy commentator made no mention of Saudi Arabia’s role in the oil price war that immediately preceded the coronavirus-inspired lockdowns.…OPEC, Energy Industry Should Thank Saudi Arabia For Oil Price Recovery
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