You know I wonder sometimes if Saudi has another reason for keeping production down. Could it be that their current production is at about their technical production limit? Producing more might not be good oilfield practice.
So better to be a hero and volunteer to keep production low- and keep the price up- than competitors know about your limits and increase their own production and hence force prices lower.
Thought bubble. I am often wrong. But I reckon holding LNG exporters for the long term is a real good move.
Happy as.
IMHO DYOR
You know I wonder sometimes if Saudi has another reason for...
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