Bloomberg (April 13)
“OPEC+ group of countries, led by Saudi Arabia and Russia, finally agreed to a record cut in their oil production in response to the coronavirus-triggered collapse in demand. But the deal will come under pressure when the world becomes a more normal place again.” When demand returns, “the great battle for market share between the Americans, the Saudis and the Russians will probably restart.”
Tags: Battle, Collapse, Coronavirus, Demand, Market share, Oil production, OPEC, Pressure, Record, Russia, Saudi Arabia
Time (November 12)
“President Donald Trump took aim at Saudi Arabia’s plan to cut oil production on Monday, injecting new tension into an already fraught alliance that has been clouded by U.S. concerns over the killing of journalist Jamal Khashoggi and the ongoing conflict in Yemen.”
Tags: Alliance, Conflict, Journalist, Khashoggi, Killing, Oil production, President, Saudi Arabia, Tension, Trump, U.S., Yemen
