Following Friday's shocking collapse of OPEC+
Russia and Riyadh unable to reach agreement during OPEC+ summit in Vienna
seeking up to 1.5 million b/d in further oil production cuts
on Sat Saudi kick started what Bloomberg called an all-out oil war
slashing pricing for its crude and making deepest price cuts in 20 years
Russia and Riyadh unable to reach agreement during OPEC+ summit in Vienna
seeking up to 1.5 million b/d in further oil production cuts
on Sat Saudi kick started what Bloomberg called an all-out oil war
slashing pricing for its crude and making deepest price cuts in 20 years
cut crude price for Asia by $4-$6 a barrel
to U.S. by whopping $7 a barrel
to steal market share
"Saudi Arabia now really going into full price war."
to U.S. by whopping $7 a barrel
to steal market share
"Saudi Arabia now really going into full price war."
My comments : Will comment on this later. This oil price crash is excellent news for the world economy. However it has serious implications for "oil based economies" like Malaysia.
Here is last nite's picture showing Tan Sri Muhyiddin meeting Dr Mahathir in his (Dr M's) house.
I do believe Tan Sri Muhyiddin is in a very difficult and precarious position.
Here is last nite's picture showing Tan Sri Muhyiddin meeting Dr Mahathir in his (Dr M's) house.
I do believe Tan Sri Muhyiddin is in a very difficult and precarious position.
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