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Russia, Saudi Arabia showdown over crude prices arms oil firms with 'additional bargaining power';...
March 11, 2020 | By Firstpost.com
business
The exacting decision by Riyadh to spike production was triggered by the failure on Friday to strike a deal with Russia on a new round of OPEC+ production cuts to arrest swooning oil prices owing to the novel coronavirus.
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Oil experts are left scratching their head in the aftermath of the OPEC+ meeting in Vienna held on March 5 and 6 as most variables of the oil market are left in flux. In a move that has shaken the crude landscape, Saudi Arabia has launched an oil war against
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