Saudi Arabia delays setting May prices, looks to OPEC meeting to settle price war

Saudi Arabia is taking unprecedented action in delaying the release of its international crude selling prices by five days, a senior Saudi source familiar with the matter said on Sunday, as the kingdom and other major producers seek to halt the free-fall in worldwide crude prices. A month-long price war between Saudi Arabia and Russia, against the backdrop of the coronavirus pandemic, has cut the price of crude to $34 a barrel from $65.

from Yahoo News - Latest News & Headlines https://ift.tt/3bVKsqC