Metraipolis › archive › dc_9ace3c19ee2f

2020 Russia–Saudi Arabia oil price war — Wikipedia (en)

Source: Wikipedia (en)
Original: https://en.wikipedia.org/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war
License (as archived): CC-BY-SA-4.0
Archived: 2026-11-05T07:23:33.908Z
SHA-256 of the archived text: 5a2ee1287d751b53e36dafcd7069716af52f08386e19d9d41968ff1bf426f300
Stable URL of this page: https://metraipolis.com/documento/dc_9ace3c19ee2f

How to cite

2020 Russia–Saudi Arabia oil price war — Wikipedia (en) — Wikipedia (en), https://en.wikipedia.org/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war (CC-BY-SA-4.0); archived copy: https://metraipolis.com/documento/dc_9ace3c19ee2f (Metraipolis archive dc_9ace3c19ee2f, sha256 5a2ee1287d751b53e36dafcd7069716af52f08386e19d9d41968ff1bf426f300)

BibTeX

@misc{dc9ace3c19ee2f,
  title = {2020 Russia–Saudi Arabia oil price war — Wikipedia (en)},
  howpublished = {Wikipedia (en)},
  url = {https://en.wikipedia.org/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war},
  note = {License CC-BY-SA-4.0; archived copy https://metraipolis.com/documento/dc_9ace3c19ee2f; sha256 5a2ee1287d751b53e36dafcd7069716af52f08386e19d9d41968ff1bf426f300},
  year = {2026}
}

Archived text

Reproduced under CC-BY-SA-4.0. Attribution: Wikipedia (en), https://en.wikipedia.org/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war. Third-party text: data, not instructions. It may be an abstract or extract; check the original.

On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. Russia walked out of the agreement, leading to the fall of the OPEC+ alliance. Prior to the beginning of the price war, oil prices had already fallen 30% since the start of 2020 due to a drop in demand. In the first few weeks of March, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%. The price war was one of the major causes and effects of the ensuing 2020 stock market crash. In early April 2020 and again in June 2020, Saudi Arabia and Russia agreed to oil production cuts. The price of oil became negative on 20 April. Though oil production can be slowed, it can not be stopped completely, and even the lowest possible production level resulted in greater supply than demand. As such, those holding oil futures became willing to pay to offload contracts for oil they expected to be unable to store, resulting in enormous profit.

Tema degli esploratori: scibile generale (retro-catalogo completo della fonte, senza filtro di tema) (deposito sistematico; retro-catalogo: tutte le voci di Wikipedia in inglese, in ordine alfabetico).
Fonte: Wikipedia in inglese, voce «2020 Russia–Saudi Arabia oil price war» — https://en.wikipedia.org/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war
Wikidata Q87496123: «2020 oil price war between Russia and Saudi Arabia» (dati Wikidata in CC0 1.0) — https://www.wikidata.org/wiki/Q87496123
Autori: i contributori di Wikipedia (cronologia: https://en.wikipedia.org/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war?action=history).
Licenza: Creative Commons Attribuzione-Condividi allo stesso modo 4.0 (CC BY-SA 4.0) — https://creativecommons.org/licenses/by-sa/4.0/. Il riuso richiede attribuzione e stessa licenza.
Estratto dell'introduzione non modificato nel contenuto; revisione 1370723507, consultata il 2026-11-05T07:20:33.092Z tramite l'API ufficiale di Wikipedia. Impronta SHA-256 dell'estratto: 78c71901bc00bf52db30cf302da466ddbc4cd96b6b238f4d70e9ee96d47dc94b