Storage tanks stand at the Kaleykino oil pumping station near Almetyevsk, Tatarstan, Russia. Photo: Bloomberg
Tilak K. Doshi
Opinion

Opinion

On Reflection by Tilak K. Doshi

Never mind punishing the US, Russia and Saudi Arabia’s oil price war will hurt all producers

  • Moscow’s refusal to abide with Opec’s proposal to cut oil production and Riyadh’s decision to discount prices caused a rout in oil prices this week
  • The intention seemed to be to punish US shale producers, but a price war on top of the coronavirus outbreak will affect all sides

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Storage tanks stand at the Kaleykino oil pumping station near Almetyevsk, Tatarstan, Russia. Photo: Bloomberg
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