Certainly recent price movements have mainly been driven by a dramatic fall in demand, but price drops in late March were also partly driven by Saudi announcements of production increases following they and Russia announced the breakdown of talks.
This is all so recent that it’s entirely possible they have reversed course already, absolutely. However this isn’t some wacko conspiracy theory, it’s based on the explicit statements of these countries governments all over the mainstream media.
https://www.wsj.com/articles/oil-price-war-batters-poorer-op...
This is all so recent that it’s entirely possible they have reversed course already, absolutely. However this isn’t some wacko conspiracy theory, it’s based on the explicit statements of these countries governments all over the mainstream media.