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11 Mar 2020 | 18:00 UTC
Russia and Saudi Arabia are locked in a vicious oil price war only three years after striking an alliance with OPEC to manage the market.
Oil prices have tumbled more than 30% since the collapse of their meeting in Vienna on March 6 and some industry veterans even fear crude could fall to below $20/b as their race for market share intensifies.
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OPEC slashes 2020 global oil demand forecast, but still sees slight growth
US EIA cuts oil demand growth outlook to 370,00 b/d on coronavirus