Published on Marketplace.org
For one, struggling Petro-states could benefit from sending key signals to domestic audiences back home.
"The citizens are wondering, 'there must be something you can do,'" said Omar al-Ubaydli, international studies director of the Bahrain Center for Strategic International and Energy Studies and affiliated professor of economics at George Mason University. "So, just like when you get a crisis in any country, it's not acceptable for the government to look like it's doing nothing. So they have to at least look like they are doing something."
And he said it's important to keep signaling to the market that prices are going up and may continue to. The price of crude has risen for three months now, from less than $30 a barrel to more than $40.
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