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As Oil Prices Plummet, Russia and Saudi Arabia Dig in for a Long Fight

Greg Priddy
Director, Global Energy and Middle East, Stratfor
Mar 18, 2020 | 10:00 GMT
A photo of a pump jack extracting crude oil from a snow-covered well located near Surgut, Russia.

A pump jack extracts crude oil from a well near Surgut, Russia. 

(Alexei Andronov\TASS via Getty Images)

Riyadh has underestimated just how long Moscow can endure the pain of low oil prices, which could come to its own detriment and that of other oil producers amid growing coronavirus concerns....

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