Saudi battle for market share is based on long-term vision

Saudi Arabia’s decision to preserve its market share over and above a high price for oil, supported within the Organisation of the Petroleum Exporting Countries (Opec) by the UAE, Kuwait and (reflecting improving relations) Qatar, is not expected to change any time soon, even if that means relations with Opec’s big net losers from the price crash – including Algeria, Nigeria, Iran and Venezuela – reach new lows in the months ahead.