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March 31, 2020
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Business Commentary Features Politico Top Stories
by  Alex Christoforou One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices in a full-scale oil price war, Russian President Vladimir Putin probably fell off the horse he was riding bare-chested somewhere in Siberia […]Continue Reading
Business Commentary Features Politico Top Stories
By Paul Cochrane Saudi Arabia’s move to slash prices, prompted by a row with Russia, could devastate its own revenues, derail its Vision 2030 plans and antagonise its allies. So why did Riyadh do it? In 1985, US Vice President George HW Bush visited Saudi Arabia to pressure the kingdom to flood the global market with […]Continue Reading
Business Commentary Features Politico Top Stories
By Jason Bordoff The oil price collapse has sent shockwaves through financial markets. But the geopolitical earthquake could reach even farther. When Saudi Arabia, Russia, and other oil-producing countries met in Vienna last week, they debated who should slash oil output to offset the collapse in demand due to the coronavirus outbreak. When the meeting […]Continue Reading
Business News Top Stories
Russia’s sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30 per barrel, the Finance Ministry announced amid a dramatic oil market crash. Despite Monday being a public holiday in Russia, both the Ministry of Finance and the Central Bank were quick to react to the overnight drop […]Continue Reading