Saudis Planning For A War Of Attrition In Europe With Russia's Oil Industry
Despite the fact that OPEC officials have consistently put on a brave face in public, insisting that markets will balance relatively quickly, OPEC's numbers tell a different story
By Oilprice.com Nick Cunningham —— Bio and Archives--November 18, 2015
Global Warming-Energy-Environment | Comments | Back To Full Article
Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.
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