Tag: production cuts

• Monday, March 9th 2020 - 08:55 UTC

  Oil prices plunge 30% after OPEC fails to agree on production cuts; Russia clashes with Saudi Arabia

  

  Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.