‘Crazy’ Saudi Oil Price Cuts Seen Reigniting Market Share War With Russia

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‘Crazy’ Saudi Oil Price Cuts Seen Reigniting Market Share War With Russia

11 Mar 2020

In this interview with Reuters,  MEI visiting senior research fellow Tilak Doshi says that Saudi Arabia’s recent decision to dramatically slash oil prices is an attempt to compete with Russian oil producers in Europe and Asia, and when coupled with the effects of the coronavirus outbreak, has led to the lowest oil prices in years. Read the full interview here.

 

Image caption: A Saudi Arabian oil pump. Photo: retrieved from Needpix.