Why Russia’s Vladimir Putin is in no mood to call oil war truce with Saudi Arabia - ShareIsValue
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Friday, March 20, 2020

Why Russia’s Vladimir Putin is in no mood to call oil war truce with Saudi Arabia

Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signalling the price war that is roiling global energy markets will continue.The unprecedented clash between the two giant exporters – and former Organisation of Petroleum Exporting Countries (OPEC+) allies – threatens to push the price of a barrel below US$20, but the Kremlin will not be the first to blink and seek a truce, said people familiar with the government’s position…

from South China Morning Post https://bit.ly/2wrLPOz

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