Tag: Russia

The Daily Dose

March 6, 2020

-Oil price crash this year cost $10 billion. -Today is a make-or-break day for OPEC+ Crude oil prices were in a free-fall before the start of Friday trading on Wall Street as delegates in Vienna worked to get Russia on board with deeper production cuts. Russia has so far balked at proposals for further production … More The Daily Dose

The Daily Dose

March 5, 2020

-Russia is the guerilla leader of OPEC+, balancing Saudi Arabia -Wood Mac: Coronavirus demand destruction close to rivaling the Great Recession OPEC chatter was relentlessly opaque before the opening bell in New York City. Reports early Thursday indicated that members of the group agreed to cut output by 1.5 million barrels per day, giving Brent … More The Daily Dose