|2019-07-03 來源： 中國石化新聞網|
孫子舒 編譯自 彭博社
Saudis dig-in for shale fight as OPEC+ extends cuts to 2020
Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter the U.S. shale boom into a fourth year.
Saudi Oil Minister Khalid Al-Falih used a press conference on Monday night to say the kingdom was willing to keep cutting more deeply than its quota requires.
“This is a commitment to reduce inventories, and whatever it takes for them to do it,” said Amrita Sen, chief oil analyst at Energy Aspects. The Saudis are likely to keep production at around 10 MMbpd—below their target—and “if required after nine months, they will continue with the deal.”
Al-Falih, who back in 2016 suggested supply reductions by Saudi Arabia, Russia and other producers in the OPEC+ coalition would only be needed for six months, appears increasingly bogged down in a struggle to wrest control of the global oil market from the U.S. shale industry.
“I have no doubt in my mind that U.S. shale will peak, plateau and then decline like every other basin in history,” Al-Falih told reporters at OPEC’s Vienna headquarters. “Until it does I think it’s prudent for those of us who have a lot at stake, and also for us who want to protect the global economy and provide visibility going forward, to keep adjusting to it.”