Tag: oil

A global deal to slash oil production is at risk after Mexico objects

Russia and Saudi Arabia have called off their brutal price war and are now pushing dozens of major crude producers toward a deal that would slash production and help stabilize a market that's been rocked by the coronavirus pandemic.

https://www.google.com/covid19/

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Saudi Arabia just won control of the oil market

When Saudi Arabia, OPEC's de facto leader and most influential member, decided at its latest meeting in Vienna to break its recent strategic oil partnership with Russia and adopt a new policy to maximize production levels, oil prices crashed — posting their biggest slide since the Gulf war in 1991.

https://www.google.com/covid19/

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