The 1986 fall marked the end of a Saudi-led Arab oil price war
THE number of food producers that have gone bust have tripled over the last five years as a result of the supermarket price wars
, a report said.
SHOPPERS have saved a combined PS182 million on grocery offers in the past three months amid supermarket price wars
Non-conventional petroleum, meanwhile, is fighting back in this price war
with new technologies which, in another type of confrontations, is causing Iran and Russia to fall into deep economic recession.
were among those who said the cuts might be the start of a price war
among members of the Organization of Petroleum Exporting Countries (OPEC) seeking to maintain market share.
If an oil price war
resumes, it will not be the first.
After various more modest initiatives failed to turn the decline in tariffs around in 2013, SAMA ultimately dealt the price war
a fatal blow by openly reminding the Kingdom's licensed consulting actuaries of their duty to ensure prudent reserving at the companies with which they work.
The headache for the grocer investor is the tonic for the consumer - it's likely these price wars
are here to stay."
The price war
blew up after millions of customers deserted Tesco, Asda and Morrisons for discount stores Lidl and Aldi.
Muscat: Yet another price war
has erupted in the Oman-India skies as low-cost airline SpiceJet launched its Muscat operations with fares at least 30 per cent lower than the three major players of Indian aviation -- Jet Airways, Indigo, and Air India -- who have already established themselves on the India-Oman route.
As to whether the price war
would continue, Williams added: "The intensity may drop a little, but the drive to be competitive will remain.
Despite Riyadh's need of a crude oil price average of $89/b to break even for its 2011 budget, there is the prospect of a devastating oil price war
between Saudi Arabia Iran's theocracy which heads an axis of anti-US/anti-Israel forces in the GME.