What do you know, the Saudis love shale. At least that’s the message of Khalid Al-Falih, the chairman of Saudi Arabia’s national oil company Saudi Aramco. Speaking to global industry stake holders during CERAWeek by IHS Markit in Houston in early March, he said, “We welcome the return of investors to U.S. shale—regardless of what you might hear.”

Really? After two years of a supply glut led by the Saudis and other OPEC nations presumably to wrest back market share from the U.S. unconventional and global deep water sectors, can we believe the Kingdom actually desires more American production competing in the global crude marketplace?
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Source: Daily Dose of ShaleDirectories.com News