Prices to Pay Amidst Slippery Oil Dispute

The coronavirus seems to be causing a lot of changes across the world right now, but the falling oil prices surprisingly is not one of them. This price drop is actually a direct result of a current oil dispute between Saudi Arabia and Russia, with Saudi Arabia cutting oil prices in an attempt to force Russia to cut oil production. 

The Daily was joined by James Doran, Deputy Head of the School of Banking and Finance at the University of New South Wales to unpack the implications of this oil dispute, and the implications of these actions on a political scale and in the wake of a world slowly going into lockdown.

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