Heinz-Peter Bader/Reuters Saudi Arabia is reportedly aiming to price its oil at $80 a barrel. That's likely in attempt to finance domestic policy plans and boost the valuation of its oil giant Aramco. But it may hurt them by distorting both supply and demand in the oil market. Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil prices to be in order to balance their budget...
Heinz-Peter Bader/Reuters Saudi Arabia is reportedly aiming to price its oil at $80 a barrel. That's likely in attempt to finance domestic policy plans and boost the valuation of its oil giant Aramco. But it may hurt them by distorting both supply and demand in the oil market. Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil prices to be in order to balance their budget...
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