(OilPrice) Why would the oil producers, who have over the years raised the price of oil at every opportunity they got suddenly agree to drop the price from roughly $120 a barrel to about $80 a barrel? Saudi Arabia, the largest producer of oil and gas in the Middle East said the revision of the price of oil downwards was done in order to adjust the markets. Hmmm, have they indeed? Perhaps a better explanation can be found in analyzing who stands to gain the most and who stands to lose the most from this sudden shift in oil prices.
