OPEC

Saudi Arabia Starts Oil Price War Amid Concern about Virus’ Impact

by

03/09/2020 Saudi Arabia slashed its official selling prices for oil over the weekend over worry about the impact of the coronavirus, starting a price war that has seen world oil prices plummet on Monday by around 30%. Brent crude futures, at $33.04 a barrel by 5:52 am GMT, were down 27%., and had earlier dropped […]

Russia Seen Losing At Least $100 Million Per Day Thanks To OPEC Disagreement

by

  Kenneth RapozaSenior Contributor Opinions expressed by Forbes Contributors are their own. I write about business and investing in emerging markets. Vladimir Putin meets with women at a parachute manufacturing facility on March 6, 2020 as part of a … [+] one-day visit congratulate a group of women ahead of International Women Day on Sunday. […]