Global oil producers face brutal reckoning after epic failure of OPEC+ deal
- OPEC+ ministers left a fractious meeting in Vienna Friday afternoon with no deal to continue restraining output
- Coronavirus could trigger a drop in demand that could end up the deepest since the 1980s
The alliance between Saudi Arabia and Russia was the only thing that kept the world oil market from tumbling into the abyss. Now its collapse threatens to plunge the industry into a generation-defining freefall with few precedents in modern history.
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