Oil Price Impact on Russia and Saudi: Basic Facts & Scenarios
Second part review. This is the second part of our review of the expected impact from the ending of the OPEC+ agreement. The key conclusion is that while Moscow is in a much better financial position today than is Saudi Arabia, or Russia’s position in 2014 (see our previous report Oil War: Who blinks first?), Russia stands to lose a lot more than Saudi Arabia over a full year in terms of export revenue as a result of the promised surge in both Saudi and Russia oil.