Analysis of the ongoing Saudi-Russian price and market share battle is predominantly looking at Saudi Arabia, indicating that the current stand-off will be very negative for the Kingdom. Assessments about Russia are much more positive, as many believe the Russian economy can endure the price onslaught due to higher financial reserves, built up recent years.
Forget US shale, Russia will be the main victim of the OPEC+ spat
A worker at an oil field owned by Bashneft, Bashkortostan, Russia. (File photo: Reuters)
Disclaimer: Views expressed by writers in this section are their own and do not reflect Al Arabiya English's point-of-view.
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