house of saud and other big opec members “not concerned”...
is that why they are borrowing BILLIONS to try to keep the lid on with social programs.... they are shaking in their tents... and keeping the jets fueled and provisioned for a quick exit... add to that the cost of the yemen situation... and riyadh has a HUGE PROBLEM...
From the article: “Non-OPEC producers have largely been the swing producers for this oil price cycle, cutting production massively as prices have fallen”
What massive production cuts? The cuts have just begun to trickle in a year after prices started falling.