Riyadh has waged four price wars, including the current one, over the last 35 years. All of them lasted at least a year, and prices plunged at least 50%. This time may be different, of course -- there’s never been a demand shock so great at the same time as the supply shock. But the last wars are at least a guide to the pain thresholds of policymakers.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3d67ts1
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