Crude oil prices plunge as Saudi Arabia starts price war| Oneindia News
Oneindia
2020-03-09
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Crude oil prices fell 30%, the most since 1991, after Saudi Arabia started a price war with one time ally Russia. Saudi Arabia triggered the all-out price war after the OPEC deal collapsed. Russia refused to cut oil output even as demand slumped amid the Coronavirus pandemic. Why is Russia refusing to cut production?
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