US President Donald Trump addressing the World Economic Forum via videolink
Mideast Gulf oil exporters may engage in price war
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
Mideast Gulf producers in OPEC+ may eventually get into an oil price war with their American rivals and perhaps non-compliant members to claw back market share lost from extended and deep quota cuts while, at the same time, contemplating investments in the US energy sector to get in President Donald Trump’s good books. Saudi Arabia and seven members of OPEC+ seem to have acquiesced to Trump’s demands to lower oil prices by agreeing to proceed with the gradual unwinding of 2.2m b/d of voluntary cuts starting in April, after delaying the plan three times before he came to power. “At some point, OPEC is going to have to consider going into a price war mode,” said Jim Krane, energy research fell
Also in this section
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
