The world's largest oil exporter Saudi Arabia has reacted rapidly to previous falls in the oil price and demand by cutting production and would do so again, says Bernstein Research. When oil prices started to fall sharply following the collapse of Lehman Brothers, the Saudis reacted quickly by cutting exports from 10 million barrels a day in September to 6 million barrels a day in December.
The world's largest oil exporter Saudi Arabia has reacted rapidly to previous falls in the oil price and demand by cutting production and would do so again, says Bernstein Research. When oil prices started to fall sharply following the collapse of Lehman Brothers, the Saudis reacted quickly by cutting exports from 10 million barrels a day in September to 6 million barrels a day in December, it says. 
"We see the Saudi response at that time as a crucial factor in bolstering prices...We would feasibly expect to see Saudi exports start to decrease much sooner this time," it says.

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