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
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
