Saudi Arabia has launched the ultimate oil power play. Here's what it stands to gain
March 16 2020, 08:00
Saudi Arabia has abandoned efforts to support crude prices and is now preparing to flood global markets with huge volumes of cheap oil, a stunning shift in strategy that has pushed oil futures into a dramatic tailspin and set the stage for a battle royale with rival producers including Russia and the United States.
Saudi Arabia has abandoned efforts to support crude prices and is now preparing to flood global markets with huge volumes of cheap oil, a stunning shift in strategy that has pushed oil futures into a dramatic tailspin and set the stage for a battle royale with rival producers including Russia and the United States.
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