Market views: How should instos react to an oil price war?
Saudi Arabia's oil price war against Russia helped trigger a record collapse in asset values. AsianInvestor asked eight experts how investors should navigate the fallout.
The decision by the world’s biggest oil exporter, Saudi Arabia, to offer big discounts to the fossil fuel’s selling price on Saturday (March 7) caused the Brent crude oil benchmark to fall by 24% on Monday (March 9) – one of the largest drops in history. At one point, the price of US oil slid by as much as 34% to $27.34 a barrel.
The surprise move by Saudi Arabia followed Russia – which is not a member of the OPEC [Organization of the Petroleum Exporting Countries] – refusing to h…
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