Saudi Arabia’s imminent crude oil supply hike could mean tough times for the Russian economy

The Saudi Arabian government is reportedly on the verge of flooding the global market with oil supply if the Organization of Petroleum Exporting Countries (OPEC) does not commit to reducing oil flow. The imminent oil supply influx could send oil prices dipping to as low as $50 per barrel. The move could create a crisis for OPEC members, including Russia.

Source: Cryptopolitan