SAUDI-RUSSIA ALLIANCE UNDER PRESSURE AS COVID-19 CONTINUES TO SAP GLOBAL OIL DEMAND

Highlights:

• Several major OPEC and non-OPEC producers (referred to as OPEC+) to meet in Vienna, Austria today.
• All parties are expected to agree on a deeper round of oil production cuts in an effort to stabilize prices, despite uncertainty over the scale of the reduction.

The alliance between the energy-rich nations of Saudi Arabia and Russia is predicted to come ....