RE: Oil price16 Mar 2020 09:20
@Jedcamplit,
It is correct what you think, but the Saudi problem is not a price war "I am stronger than you!". The Saudi problem is that they need cash - and lost of it. As more as the oil price drops as more they have to produce and sell - even if its cheap.
They buy the support of their people with lots of incentives which costs Billions per month as cash out.
I am still of the opinion they cannot stand this current situation for very long.