Production

Oil plunges 25%, hit by erupting Saudi-Russia oil price war

Both Brent crude and West Texas Intermediate prices hit lowest since 12 February 2016

Oil price: "Economic fragility combined with a global recession and a collapse in prices costitutes a profound challenge for Alberta and for Canada."
Oil price: "Economic fragility combined with a global recession and a collapse in prices costitutes a profound challenge for Alberta and for Canada."Photo: REUTERS/SCANPIX
  • Reuters
USRussiaSaudi ArabiaAmericasNorth America
Published 9 March 2020, 22:36Updated 9 March 2020, 22:36