News Analysis: Saudis Need to Undercut Russia

The Saudis restrained output while Russia has been pumping freely. SINGAPORE — Top exporter Saudi Arabia is struggling to sell more crude to Asia because rival producer Russia has taken an expanding share of the world’s fastest-growing market. To get an edge in the competition with Russia and ship more barrels into Asia, the Saudis will have to take the next painful step in reducing global oil prices — slashing […]