[Paladin2]

"I fail to understand how market share can be more important than revenue,..."

Tactics vs. Strategery.

[thackney]

Exactly.

Saudi could cut production until global price rose to $100. Say they cut from 10 MMBPD to 9.

US, Canada etc would keep producing more, and then we could repeat, with Saudi starting at 9 MMBPD.