London-OPEC kingpin Saudi Arabia is keeping oil markets guessing. Will it lead the oil producer group into a round of crude output cuts to support prices or has it already embarked on a battle for market share amid rising US supply and increased competition in Asia? These questions were not even in the ether when OPEC ministers sauntered out of their June 11 meeting having rubber-stamped yet another rollover of their 30 million b/d ceiling, in place since January 2012. Brent crude was trading around $109-$110/barrel at the time and would reach $115/b a few days later.
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