Sustained Low Oil Prices Will Hurt Both Saudi Arabia And Russia

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Sustained Low Oil Prices Will Hurt Both Saudi Arabia And Russia

17 Mar 2020

Speaking on CNBC, MEI visiting senior research fellow Tilak Doshi says that although Russia is better positioned to ride through the recent drop in oil prices, both economies will suffer and are unlikely to be able to weather a long-term price war. Watch the full interview here.

 

Image caption: A Russian oil pump. Photo: shared on Wikimedia Commons.