looking beyond borders

foreign policy and global economy

Oil Takes Biggest Daily Dive In Over A Decade As Russia, OPEC Split

The split between OPEC and Russia revived fears of a 2014 oil price crash, when Saudi Arabia and Russia fought for market share with U.S. shale oil producers, which have never participated in output-limiting pacts. OPEC was pushing for an additional 1.5 million barrels per day (bpd) of cuts until the end of 2020.

Read Here –  Reuters

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