S. Arabia not planning oil market crash

There is no question of Saudi Arabia engineering an oil market crash, Dr Fatih Chalabi, the executive director at the Centre for global Energy Studies, and a former Opec acting secretary general told this correspondent in his office in Central London last week.

The reports that Saudi Arabia is about to engineer oil market collapse so as to contain its over-zealous neighbour, kept echoing in Zurich and London, over the last week or so, as people in the energy fraternity seemed deeply interested in finding out the truth on the issue on the sidelines of an industry conference.

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