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High and tight A failed attack on a Saudi refinery is only the latest event pushing prices up W HAT A DIFFERENCE a year makes. On March 6th 2020 Saudi Arabia and Russia failed to agree on a deal to restrain production. A price war ensued, with the two giants unleashing millions of barrels of crude just as covid-19 prompted lockdowns and demand dried up. Now Saudi Arabia and other producers are curbing output as demand rises. The price of Brent crude, the international benchmark, briefly climbed above $70 a barrel on March 8th for the first time since May 2019. It dipped a little thereafter, to $68 on March 10th.

United statesSaudi arabiaRas tanuraAsh sharqiyahHouthis shiaArabia ras tanuraDharmendra pradhanGoldman sachsOrganisation of the petroleum exporting countriesRystad energyAmerica senateRoyal bankPetroleum exporting countriesஒன்றுபட்டது மாநிலங்களில்சவுதி அரேபியாதர்மேந்திரா ப்ர்யாட்ஹந்