Saudi Arabia is the winner from oil’s historic price plunge, analysts say

Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday.

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It comes at a time when the market is awash with crude, storage tanks are being filled and the coronavirus crisis continues to ravage global demand.

On Monday, the May contract for U.S. West Texas Intermediate futures tumbled into negative territory…

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