Saudi Oil Gambit Moves to Phase Two

There's an oil supply crunch looming and Saudi Arabia and its local allies are positioning themselves to take advantage.

In what would be the second phase of the kingdom's strategy to defend its market share against rival producers (most visibly U.S. shale), Gulf states are planning to raise output capacity to fill the hole left by the lack of investment in new projects elsewhere.

http://www.bloomberg.com/gadfly/articles/2016-04-10/saudi-arabia-oil-gambit-moves-to-phase-two