Saudis plan crude oil output increase, begin price war: Report

[BATMAN]

Looks like KSA is gonna drop oil prices to the point where is hurts Russia and wipes out Iran.
I'm gonna hold off on that electric car now.

All may be not fair in war but this is fair enough.
This news has shaken, as well my resolve to buy electric.
It seems more of a technology war rather than trade.
Electric cars are pushing them selves around the globe and unfairly in most corrupt country like Pakistan.

 

[atan651]

Very bad for Saudi Aramco share price.

 

[Ansu fati]

https://twitter.com/i/web/status/1236568447858991104

 

[aziqbal]

At request of Americans

 

[Stryker1982]

At request of Americans

American oil industry is getting absolutely destroyed with these prices. I have no clue what you are talking about when the cost of producing oil in the US is higher than the current barrel prices. Thats a big loss on the U.S jobs and oil cooperations.

 

[Oublious]

I didn't the downfall of the oil price on the gas station today.

 

[Hack-Hook]

Looks like KSA is gonna drop oil prices to the point where is hurts Russia and wipes out Iran.
I'm gonna hold off on that electric car now.

well iran sell around 150000 barrel per day or less of oil . so go calculate who will be wiped out we only sell 2Milliard $ of oil per year .the ones who sell more oil and the ones who invested in shale oil are the real target.

 

[HannibalBarca]

I didn't the downfall of the oil price on the gas station today.

you will not, since taxes are dynamic and time lagging.

 

[zartosht]

well iran sell around 150000 barrel per day or less of oil . so go calculate who will be wiped out we only sell 2Milliard $ of oil per year .the ones who sell more oil and the ones who invested in shale oil are the real target.

shhhhh.. don't spoil his party.... let Saudi fanboys comfort themselves by thinking this somehow hurts Iran the most by "wiping Iran out"

Iran should really be thankful for sanctions long term. Its forcing it to learn to live without lazy oil revenue.

Saudi Arabia is a petrol station. They are at most risk. they have nothing but oil and Religious visitors as real sources of revenue. and both of those are gone now.

saudis are losing hundreds of millions of dollars a day on this

 

[Old School]

You better read this :
Russian Ruble Plummets Amid Oil Market Chaos
https://www.themoscowtimes.com/2020/03/09/russian-ruble-plummets-amid-oil-market-chaos-a69562

 

[BATMAN]

At request of Americans

You got evidence or just another one of your malice?

Oil is under pressure ever since Chinese economy and together with it world economy has slowdown.
Unless China's industry bounce back, oil market will remain slow, until than oil supply will surpass the demand.

Janab, @niaz is it really USA behind reported Saudi thinking.

 

[CrazyZ]

well iran sell around 150000 barrel per day or less of oil . so go calculate who will be wiped out we only sell 2Milliard $ of oil per year .the ones who sell more oil and the ones who invested in shale oil are the real target.

Iran just went to the IMF for assistance......clearly being hurt by the drop in oil prices, corona virus, American sanctions and quagmire wars.

 

[Hack-Hook]

Iran just went to the IMF for assistance......clearly being hurt by the drop in oil prices, corona virus, American sanctions and quagmire wars.

Went to IMF to get assistance on what exactly ?