2020 Russia–Saudi Arabia oil price war
On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, facilitating a 65% quarterly fall in the price of oil. In the first few weeks of March, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%. The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. Russia walked out of the agreement, leading to the fall of the OPEC+ alliance. Oil prices had already fallen 30% since the start of the year due to a drop in demand. The price war is one of the major causes and effects of the ensuing global stock-market crash.
2020 Russia-Saudi Arabia oil price war2020 Russian-Saudi Arabian oil price war2020 Russian-Saudi oil price war2020 Russian–Saudi Arabian oil price war2020 Russian–Saudi oil price war2020 oil industry financial crisis2020 oil price crash2020 oil price warRussia-Saudi Arabia oil price warRussia-Saudi Arabia oil price war (2020)Russia–Saudi Arabia oil price war (2020)
Wikipage redirect
1980s oil glut2010s oil glut2019–2021 Persian Gulf crisis20202020 Russia-Saudi Arabia oil price war2020 Russian-Saudi Arabian oil price war2020 Russian-Saudi oil price war2020 Russian–Saudi Arabian oil price war2020 Russian–Saudi oil price war2020 in Russia2020 in Saudi Arabia2020 in the United States2020 oil industry financial crisis2020 oil price crash2020 oil price war2020 stock market crash2020–2022 world oil market chronologyCOVID-19 pandemic in MexicoCOVID-19 pandemic in Saudi ArabiaCOVID-19 pandemic in SingaporeCOVID-19 recessionChevron_CorporationCommercial Paper Funding FacilityCorporate debt bubbleDiamond Offshore DrillingDow Jones Industrial AverageEconomic history of the United StatesEconomic impact of the COVID-19 pandemicEconomic impact of the COVID-19 pandemic in CanadaEconomic impact of the COVID-19 pandemic in RussiaEconomy of AlbertaEconomy of AsiaEnergy policy of CanadaExcess supplyFinancial market impact of the COVID-19 pandemicFood security during the COVID-19 pandemicGreat ResetHossein Kazempour ArdebiliImpact of the COVID-19 pandemicImpact of the COVID-19 pandemic on aviation
Link from a Wikipage to another Wikipage
primaryTopic
2020 Russia–Saudi Arabia oil price war
On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, facilitating a 65% quarterly fall in the price of oil. In the first few weeks of March, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%. The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. Russia walked out of the agreement, leading to the fall of the OPEC+ alliance. Oil prices had already fallen 30% since the start of the year due to a drop in demand. The price war is one of the major causes and effects of the ensuing global stock-market crash.
has abstract
On 8 March 2020, Saudi Arabia ...... xpected to be unable to store.
@en
Wikipage page ID
63,341,569
page length (characters) of wiki page
Wikipage revision ID
1,006,597,915
Link from a Wikipage to another Wikipage
align
right
@en
border
infobox
@en
caption align
center
@en
footer
Flags of Russia and Saudi Arabia
@en
image
@en
@en
wikiPageUsesTemplate
subject
type
comment
On 8 March 2020, Saudi Arabia ...... ing global stock-market crash.
@en
label
2020 Russia–Saudi Arabia oil price war
@en