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Saudi Arabia floods markets with $25 oil as Russia fight escalates

Reuters Friday, 13 March 2020
Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of its fight with Moscow for market share, five trading sources said on Friday.
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News video: Saudi Arabia, Russia raise stakes in oil standoff

Saudi Arabia, Russia raise stakes in oil standoff 01:35

Saudi Arabia announced it will raise its crude supply to a record high in April, as it ratcheted up a standoff with Moscow. Joe Davies reports.

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