OPEC Nations Howl for Mercy as Saudi-Russia Oil War Deepens

Algeria and Iraq seek meetings; Nigeria says it’s struggling
Even a Saudi-Russia truce might do little to stem oil’s rout

An oil drilling rig stands on one of the Causeway islands in the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia.
Photographer: Simon Dawson/Bloomberg

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By Grant Smith

March 27, 2020 at 1:10 PM UTC

This article is for subscribers only.

With no end in sight to the oil-price war between Saudi Arabia and Russia, their former OPEC+ partners are pleading for mercy as the economic damage worsens.

Algeria and Iraq have urged the Organization of Petroleum Exporting Countries to hold emergency consultations as the market buckles under a flood of crude. Nigeria is openly wondering how much of the brutal worldwide contest for market share it can stand.