"OPEC's Options Dwindle as Oil Prices Remain Under Pressure"

Saudi Arabia may shift its strategy and wage a "market share war" against the US by flooding oil markets with supply, according to energy expert Paul Sankey. This would involve reversing production cuts and targeting the US shale industry, particularly the Permian Basin. The goal would be to bankrupt the US industry by making it unprofitable to drill oil. The current setup, with weakening demand and lack of support from OPEC, resembles previous episodes where Saudi Arabia used this tactic to regain control over oil prices.