Oil – on a slippery slope

 
Despite Trump’s happy-clappy claim that he had fixed the Saudi-Russia oil clash which has sent prices to an eighteen year low of $20, there seems little indication that either Putin or Bin Salman are going to budge. Demand has dropped because of transport restrictions during coronavirus and the two countries can’t agree on a production cut. Oil economies like Algeria, Nigeria and Libya need prices to be close to $100 per barrel to balance the government’s books. Saudi A