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COVID-19 and Low Oil Prices Threaten to Leave Saudi Arabia With Empty Hands

by Philippa Kaur 27 April 2020, 09:55

While the extraordinary crash of the WTI price of crude into negative territory — the first in history — can be viewed as something of an anomaly, the 25% drop in the price of Brent to $20 a barrel today (April 27) is a stark statement about the vulnerability of the Saudi economy and of Crown Prince […] More

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Saudi Arabia oil prices

Latest story

COVID-19 and Low Oil Prices Threaten to Leave Saudi Arabia With Empty Hands

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