Oil Nations Scramble To Beat The Coronavirus

Among the world’s 20 biggest oil-producing countries, there’s only one that has–as far as anyone really knows–escaped the coronavirus, but it’s got problems that are just as big.

Taking stock of the pandemic from the perspective of oil-producing nations is important because COVID-19 adds another major layer of uncertainty to the already devastating oil price/market share war between Saudi Arabia and Russia.

And while Libya has no “known” cases, and Russia is popping champagne corks over the West’s panic, Iran is reeling under a triple threat, Iraq just had a big operational scare, the UAE is clamping down, and the Saudis are perhaps taking measures that are too mild, too late.

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