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Post by sevenofnine on Mar 30, 2020 19:22:10 GMT -5
Is this stupid move on both Saudis and Russia deal
Saudi Arabia announced on Monday it will raise its oil exports to a record 10.6 million barrels per day from May as global oil prices continue to plummet. The move comes amid an escalating price war with Russia.
Crude oil prices plunged to their lowest level in 17 years on Monday as the effects of the coronavirus pandemic took their toll on the global economy. Stock markets are reacting to the prospect of confinement and social distancing measures around the world continuing for weeks or even months to come.
www.dw.com/en/saudi-arabia-to-raise-oil-exports-to-record-high/a-52960469
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