The price war between the world's two largest crude producers may result in bankruptcies, defaults and production shutdowns across the global oil industry.
Saudi Arabia and Russia are threatening to ramp up crude supply in a market where demand for fuels is being hollowed out by the coronavirus outbreak.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you