Saudi’s Oil War to Lead to Oversupply in 2Q20, Driving Away High-Cost Producers

<p>Oil market roiled by the surprising collapse of OPEC+ talk. For the time since late 2016, OPEC members and a number of non-OPEC oil producers failed to agree on a deal to limit output, as Russia refused to commit. In response, Saudi Arabia, the largest producer in OPEC and the second in the world, launched [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/oil-n-gold/277719-saudis-oil-war-to-lead-to-oversupply-in-2q20-driving-away-high-cost-producers/">Saudi&#8217;s Oil War to Lead to Oversupply in 2Q20, Driving Away High-Cost Producers</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>