The info pack focuses on the background and interests of the parties involved in the current oil price war launched by Saudi Arabia to force Russia to come to an an agreement on production cuts.

Turan Gafarli 15 April 2020

The info pack focuses on the background and interests of the parties involved in the current oil price war launched by Saudi Arabia to force Russia to come to an an agreement on production cuts. Major developments from 2016 onwards in the context of the global oil market are also covered, including the impact of the US shale oil industry. The Covid-19 pandemic and the subsequent economic downturn, particularly the significantly reduced energy demands of Asian markets, are discussed along with the reasons for Russian resistance to the initial Saudi proposal. The April 13th deal between OPEC+ members and other oil producing countries to cut production and its implications for the future of oil prices is then explored.

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