U.S. Intervention in the Saudi-Russian Oil Price War
This Abridge News topic aggregates four unique arguments on different sides of the debate. Here are the quick facts to get you started:
THE QUICK FACTS
- Saudi Arabia and Russia are locked in an oil price war that has dropped the price of crude oil from about $45/barrel to about $23/barrel. With the American shale oil industry in peril, many now look to the United States to intervene.
- On March 6th, Russia refused to comply with an OPEC+ decision to limit the supply of oil in response to falling Chinese ...