Is the oil price war back?
Back in March, Russia and Saudi Arabia raced for dominance in the oil market, plunging oil prices to unprecedented lows. Now, both countries are again ramping up oil production again, which could hurt American producers. POLITICO’s Ben Lefebvre explains why the two largest producers are pumping in more crude even as the pandemic continues to slash demand. Anthony Adragna is an energy reporter for POLITICO.Carlos Prieto is a Politico podcast producer.Jenny Ament is the senior producer of POLITICO audio.Irene Noguchi is the executive producer of POLITICO audio.
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