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When will the oil war end? History signals a long wait

Byindianadmin

Mar 18, 2020 #History, #signals
When will the oil war end? History signals a long wait

NEW DELHI: How long can the vicious oil-price war between Saudi Arabia and Russia last? If history is any guide, the battle will be a long one.

Riyadh has waged four price wars, including the current one, over the last 35 years. All of them lasted at least a year, and prices plunged at least 50%.

This time may be different, of course — there’s never been a demand shock so great at the same time as the supply shock. But th

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