Russia Vs. Saudi Arabia: Who Will Win Oil's Price War?

The video discusses the impact of oil prices at $30 on global markets, focusing on strategies by Russia and OPEC, and the implications for US shale producers. Russia's fiscal resilience and strategic alignment with OPEC are highlighted, while the US shale industry's hedging practices and potential risks for 2021 are examined.

What was the primary strategy behind setting the oil price at $30?

• To boost Russia's oil exports

• To align with OPEC's pricing

• To squeeze American shale producers

• To increase global oil demand

How has Russia prepared itself to handle lower oil prices?

• By aligning with US shale producers

• By reducing oil exports

• By building fiscal buffers and conservative budgeting

• By increasing oil production

What was Russia's stance at the last OPEC plus meeting?

• To withdraw from OPEC

• To increase oil production

• To implement further supply reductions

• To discuss an extension of supply cuts

Why are some US shale producers at risk due to the $30 oil price?

• They have high production costs

• They are not well hedged

• They rely on OPEC support

• They have excess supply

What is the main concern for US shale producers regarding 2021?

• Decreased global demand for oil

• Rising production costs

• Inability to hedge at economically desirable levels

• Increased competition from Russia