Why Saudi Arabia's Oil Price War Is Doomed To Fail -- Economic Collapse 2020

Why Saudi Arabia's Oil Price War Is Doomed To Fail Oil price wars rarely achieve their objectives. Saudi Arabia and Russia racing to out-pump each other is unlikely to be any different. Instead of declaring a victory in seizing market share back from their common rivals in the form of US shale, the main protagonists in Moscow and Riyadh are more likely to cause long-lasting damage to petrodollar economies already under pressure from demand destruction caused by climate change action and the onslaught on the global financial system from the coronavirus pandemic.


















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