On 8 March 2020, Saudi Arabia initiated a price war with Russia, facilitating a 65% quarterly fall in the price of oil. In the first few weeks of March, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%. The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic.
Swan Energy is a group of entrepreneurs and business minded people with a passion for oil and gas and a dedication to the highest standards of technical excellence, environmental safety, and financial success.
3200 Southwest Fwy.,
#1400, Phoenix Tower
Houston, TX 77027
(866) 539-0860
[email protected]