The first two articles in this series explained the rationale for Russian President Vladimir Putin’s oil price war, the second article in more detail than the first. Before delving into three major wildcards that could impact Putin’s price war, both in a positive and negative manner, I have one matter I wish to discuss related to the central thesis, based on comments by a few friends and colleagues over the past week.
March 27, 2020, 4:52 AM MDT
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Canadian governments need to quickly become involved in providing more flexible financing to help cash-strapped energy companies stay solvent through the Saudi-Russia oil price war and the COVID-19 crisis so they can help in the economic recovery when conditions improve, says a new report.
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Industry must cut Western Canada’s crude production by some 11 per cent for April, says Rystad Energy AS, as the country is days away from running out of available storage capacity given the large global supply surplus created by the COVID-19 demand deconstruction and an ongoing Saudi-Russia oil price war.
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In the first of the Oil Price War 4.0 series, it was argued in a general sort of way that Russian President Vladimir Putin’s price war would likely be longer and deeper than the three previously started by Saudi Arabia.
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