Saudis Looking to Cut Global Oil Supply as Coronavirus [COVID-19] Threatens Demand:

According to sources the Saudis, in recent years, have always strived to maintain the oil prices above $60. With this year oil prices reducing by $11 a barrel and getting dragged down to $54/Barrell, it has alarmed most of the oil dependent economies. Now with the spread of Coronavirus [COVID-19] and more than 1000 deaths, the demand in China has to started to slow down. This has prompted Riyadh to use its vital position in the OPEC it is push....