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LONDON — Saudi Arabia’s strategy for rebalancing the oil market through a period of lower prices shows few signs of working so far — with rival producers claiming they will raise output even as prices slide to new lows.

How much longer can Saudi Arabia’s economy hold out against cheap oil?

Saudi Arabia got lucky in 1998 when the oil price fell near its lowest in more than a decade. This time luck might not be enough. Continue reading.

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Saudi policymakers insist the kingdom will maintain its market share and let low prices take care of the surplus by forcing cuts from higher cost producers and stimulating fuel demand.

With prices down by more than half compared with the same point in 2014, oil consumption is growing at some of the fastest rates for a decade.

There are signs output growth from shale drillers and other producers outside OPEC is starting to slow, but it is not falling yet.

Within OPEC, other producers, principally Iraq and Iran, are determined to continue raising their output even as prices slump.