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Keyword: pricewarsaudiarabia

Flood Of Saudi Oil To Hit U.S. Shores As Prices Hit $10

04/20/2020 9:09:15 AM PDT · by DannyTN · 107 replies
oilprice.com ^ | Apr 20, 2020 | Tsvetana Paraskova

... Last week, The Wall Street Journal reported that the volume of Saudi crude en route to the United States is seven times higher than the typical monthly intake of Saudi oil in 2019. The tankers were loaded before OPEC+ struck a new agreement to take 9.7 million bpd off the market in May and June when Saudi Arabia had embarked on an aggressive price war for market share after the previous OPEC+ deal collapsed in early March. ...

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