_regime-change-in-the-oil-market-tom-holland.jpg "Regime Change In The Oil Market — Tom Holland from saudi russia oil war Video Screenshot Preview")
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⏲ Duration: 8 min 75 sec
✓ Published: 12-Mar-2020
✓ Published: 12-Mar-2020
Description:
The breakup of the Opec+ oil cartel and the ensuing price war between Russia and Saudi Arabia triggered a -30% fall in the price of oil and spooked financial markets. There are many hypotheses about why Russia walked out of the cartel. Some say Moscow wants to drive the US shale oil industry out of business, others that it aims to destabilize Saudi Arabia, yet others that it wants to discourage green energy investment. Whatever its reasons, Moscow has upended the monopolistic pricing regime that
The breakup of the Opec+ oil cartel and the ensuing price war between Russia and Saudi Arabia triggered a -30% fall in the price of oil and spooked financial markets. There are many hypotheses about why Russia walked out of the cartel. Some say Moscow wants to drive the US shale oil industry out of business, others that it aims to destabilize Saudi Arabia, yet others that it wants to discourage green energy investment. Whatever its reasons, Moscow has upended the monopolistic pricing regime that
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