The flare-up between Saudi Arabia and Russia threatens unprecedented satiety in the oil marketVisits : 104

The flare-up between Saudi Arabia and Russia threatens unprecedented satiety in the oil market

The oil price war between Saudi Arabia and Russia is expected to unleash the largest flow of crude the market has ever seen and possibly more than the world can stock.
With producers intensifying shipments in a battle to control global markets and crushing the Corona virus to the rate of demand, more than a billion additional barrels could flow into global stocks, and this could send oil prices to further collapse with severe consequences for the energy industry and countries. Produced.