Is Saudi Arabia About to Boost Oil Prices?

While late-to-the-game pundits are predicting "lower for longer" oil prices, Saudi Arabia may already be very close to supporting and driving oil prices higher. Because the bottom lines for Saudi Arabia are to maintain market share and maximize revenue, ultimately, once market share is protected, they will focus on maximizing revenue. As you'll see below, Saudi Arabia has already largely defended their market share for 2016 and beyond.