Bloomberg Businessweek

A SAUDI ABOUT-FACE

In an effort to get prices off the mat, the world’s biggest oil kingdom looks to reverse course and pull back on the amount of oil it pumps
Change in 2014-17* oil’s share of GDP vs. oil revenue

Next year will be a test of strength for Saudi Arabia, the world’s largest oil exporter, as it tries to regain control of the market and lift prices. After two years of pumping at full blast, and helping drive prices to 12-year lows in January, the Saudis now appear willing to pull back. In September, at a meeting in Algiers, the Organization of the Petroleum Exporting Countries agreed to the outlines of a plan to

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