Saudi Arabia delays setting May prices, looks to OPEC meeting to settle price war
Yahoo News - Latest News & Headlines
Saudi Arabia is taking unprecedented action in delaying the release of its international crude selling prices by five days, a senior Saudi source familiar with the matter said on Sunday, as the kingdom and other major producers seek to halt the free-fall in worldwide crude prices. A month-long price war between Saudi Arabia and Russia, against the backdrop of the coronavirus pandemic, has cut the price of crude to $34 a barrel from $65.
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