Saudi oil market share set to hit highest since 1980s – J.P. Morgan

Saudi oil market share set to hit highest since 1980s – J.P. Morgan

LONDON: Saudi Arabia's share of the oil market is set to rise this decade to its highest since the 1980s as investment in production elsewhere dries up in the wake of the coronavirus crisis, J.P.. "Saudi Arabia will come out on top in the fight for market share as non-OPEC and US production fades," Malek said.. While OPEC's market share fell from a peak of 39 percent of total oil supply in 2016 to 33 percent in 2020-21, the bank expects the group to regain a market share of about 40 percent by 2025.. Saudi Arabia's market share is set to grow from 11.6 percent in 2020 to 15 percent over the period, a level not seen since the 1980s, Malek said.. Lebanese central bank to inject dollars as currency tumbles /node/1688786/business-economy. Lebanese central bank to inject dollars as currency tumbles. BEIRUT: Lebanon's money changers said the country's central bank agreed Friday to inject fresh dollars into the market to prop up the national currency following a night of protests spurred by the dramatic plunging of the Lebanese pound.. Security forces would also crack down on the black market or any money changers selling above a set rate of