Comment on For Some Nations, Saudi Arabia's Oil Price War Is An Existential Threat

For Some Nations, Saudi Arabia's Oil Price War Is An Existential Threat

Saudi Arabia is risking the economic health of weaker oil producing nations in its fight to see off the threat of the US shale boom. Oil prices have fallen by over 30% since June and appear to be continuing their decline. The collapse has taken a heavy toll on states that rely heavily on exports of the commodity to support their economies.

 

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