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Deep Basin – Oil Price War and Its Implications - [Invest Like the Best, EP.160]

Invest Like the Best with Patrick O'Shaughnessy

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Oil Price War Dynamics

This chapter examines the ongoing price war in the oil industry, focusing on the strategic motivations of Russia and Saudi Arabia in the context of a demand drop due to the pandemic. It highlights the resilience of U.S. shale production and the potential long-term effects of these geopolitical maneuvers on oil prices and the global market. Furthermore, the chapter discusses the internal challenges Saudi Arabia faces as it seeks economic diversification while navigating the complexities of the oil market.

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