00:00We saw yesterday the news of cutting the oil prices for the Asian market.
00:06Mainly we could justify this one by the trend that we have been seeing in the oil and also with the market share.
00:14We all know we have seen OPEC Plus just announce the projections or the production of the upcoming period, including Q1.
00:25That includes a modest increase, which shows that the OPEC Plus is aware of the demand expectation in the global economy and also is aware of how much they needed to supply.
00:41This go align with the price cuts and for the Asian markets to gain the market share.
00:48So Saudi Arabia right now will be, for example, producing 10.1, unlike the month before.
00:56And this comes also at the same time with the price reduction for the Asian market to maintain their share and also increase the production.
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