Russia and Saudis Will Cut Oil if the US Will, But the US Can’t, So No One Will, and US Shale Will be Crushed
by Moon of Alabama (Moon of Alabama)
Today there is a meeting by video of the OPEC states and Russia. Tomorrow the energy ministers of all G-20 states will likewise meet. Their discussions will be about the sinking global oil price caused by a lack of demand due to the novel coronavirus pandemic and record oil output from Saudi Arabia and Russia.