29 April 2024
EDITORIAL: Saudi Arabia can ignore US ire over oil price war, but not market realities
Publication date: 27 March 2020
Gas Strategies Group
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The US is turning up the diplomatic heat in a desperate bid to convince Saudi Arabia to diffuse its oil price war with Russia that is threatening to plunge the price of Brent crude into single dollar digits. While carrot-and-stick messaging from political leaders in Washington appears unlikely to make any difference, there are increasingly pressing market factors that promise to ...