The winners & losers of the Saudi-Russia oil price war ...United Arab Emirates

Russia Today - Economy
The winners & losers of the Saudi-Russia oil price war
source : Russia Today ( United Arab Emirates ) () 99
While neither Moscow nor Riyadh want to see oil trading at record lows, their failure to agree on how to boost the market has led to an all-out price war. The only question is who will benefit most from the situation. Monday’s steep fall came amid already-softening demand for oil from China, with the coronavirus outbreak taking its toll on the world's second largest economy. So when Russia did not support new cuts agreed by the members of OPEC, this only added fuel to the fire, triggering retaliation from Saudi Arabia. Also on rt.com Now it’s US’ turn: Dow drops 7% at open a

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