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

Gulf states defending Asia market share in oil price war

Published Fri, Feb 6, 2015 · 09:50 PM
Share this article.

Singapore

SAUDI Arabia's move to slash the price it charges in Asia for its oil this week to the lowest in more than a decade is the latest aggressive action by Gulf states to defend market share in the world's top oil consuming region.

A price war between producers has raged since Saudi Arabia and its Gulf Opec allies last November chose to keep their taps open in a bid for market share over price, sending oil prices down more than a third to under US$50 a barrel in just two months.

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