Amid Slump in Crude Due to Covid-19 Pandemic, Saudi Arabia Doubles Down on Oil to Outlast Rivals

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With almost 20% of the world's proven reserves and production costs of just $4 a barrel, Aramco believes it can undercut competitors and carry on making money even when lower oil prices make it unprofitable for rivals, the sources said.

from Top Business News- News18.com https://ift.tt/2GAi42Z