Manaar Group MD Jaafar Altaie said Saudi Arabia and Russia are "both getting ready to fight a pretty aggressive price war" concerning oil (ABC News, 11-Mar-2020). Saudi Aramco reportedly informed purchasers it would cut prices by USD4 to USD8 per barrel, with specific discounts offered to customers in Western Europe and the US.
Saudi Arabia and Russia willing to conduct 'aggressive' oil price war
12 March, 2020