Saudi Arabia has made headlines by cutting oil prices, not production. That move seems calculated to undercut the effect the United States has on global oil markets, even though that effect is indirect.
But make no mistake: Russia is the country that will suffer the most as oil prices drop.
Thanks to the Saudis, this could get ugly very quickly for Putin…
Saudi Arabia has made headlines by cutting oil prices, not production. That move seems calculated to undercut the effect the United States has on global oil markets, even though that effect is indirect.
But make no mistake: Russia is the country that will suffer the most as oil prices drop.
Thanks to the Saudis, this could get ugly very quickly for Putin…
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