With this move, the oil-rich kingdom continues a policy characteristic of the OPEC cartel, which often artificially manipulates the price of oil by increasing or slashing production, as opposed to market forces dictating the price at the pump.
With this move, the oil-rich kingdom continues a policy characteristic of the OPEC cartel, which often artificially manipulates the price of oil by increasing or slashing production, as opposed to market forces dictating the price at the pump.