The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Saudis seen losing market share to Iran, Iraq after oil cuts

Opec's top producer makes more than its share of cuts of 486,000 barrels a day

Published Thu, Apr 27, 2017 · 09:50 PM
Share this article.

Dubai

SAUDI Arabia, the world's biggest crude exporter, is losing market share to Iraq and Iran as a result of Opec's agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority (ADIA).

"If you're talking about winners, you can count Iran and Iraq," Christof Ruehl said on Wednesday at a conference in Dubai.

KEYWORDS IN THIS ARTICLE

Opec

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here