The oil price war from a geopolitical perspective

Published: March 11, 2020, 3:33 p.m.

b'Crude oil prices have fallen to record lows as Saudi Arabia launched a coronavirus-sparked price war with Russia. Saudi Arabia slashed prices after Russia refused to go along with OPEC\\u2019s proposal to rescue the oil market, which has been on a decline due to coronavirus-related fears and restraints on economic activity. That may have been the initial spark but Saudi Arabia\\u2019s stand-off with Russia is motivated by a larger geopolitical play and Russia in turn has one eye on shorting oil production in the U.S.\\nIn this episode, we discuss the various dimensions to the story with two of our top experts.\\nGuests:\\xa0Atul Aneja, Strategic Affairs Editor,\\xa0The Hindu; Stanly Johny, International Affairs Editor,\\xa0The Hindu\\nWrite to us with comments or feedback at socmed4@thehindu.co.in\\nAlso read: Analysis: Coronavirus pits Russia, Saudi Arabia and the U.S. \\u2014 world\\u2019s top energy producers \\u2014 in a destructive price war'