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  • From our April 2020 Newsletter: Oil Prices and RMDs

    Oil Prices Decline Saudi Arabia and Russia are both large exporters of oil and are in a market share feud. Both want to sell more oil to the rest of the world and one way is to lower the price and increase production. Currently oil is about $20/barrel. Many oil-producting companies need at least $40/barrel to be profitable. The lower prices can seriously damage leveraged companies and nations that have high fixed cost. In addition to a price decline and production increase from Saudi Arabia and …