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Tag: Saudi Arabia and Russia

Oil Plummets to 17-Year Low as Broken Market Drowns in Crude

Oil Plummets to 17-Year Low as Broken Market Drowns in Crude

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(Bloomberg) -- Oil slumped to a 17-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and...
Abu Dhabi Plans Big Oil Output Boost to Join the Price War

Abu Dhabi Plans Big Oil Output Boost to Join the Price War

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(Bloomberg) -- Abu Dhabi National Oil Co. will boost crude supply to more than 4 million barrels a day next month as the United Arab...