I havent been keeping up with the Saudi IPO...but at some point they will have to stop what they are doing
your viewpoint makes sense to me. Saudi does do thinks to teach people lessons.
Saudi Arabia’s cost of production is between $10-15/bbl. Even though oil is HUGE portion of their economy and claim they can’t afford a lower production level, oil in the very low $30s is lower than their cost of production.
The Russians will cave in sometime this week; maybe in the next day or two if they haven’t already.