The New York Times: Oil prices dive as Saudi Arabia takes aim at Russian production

Badr Jafar, a member of the Advisory Board at Cambridge Judge Business School and CEO of Crescent Enterprises, comments on Saudi Arabia’s recent decision to cut oil prices. “If a true price war ensues, there will be plenty of pain in the oil markets,” Badr says. “Many will be bracing for the economic and geopolitical shocks of a low-price environment.”

Read the full article [nytimes.com]