When the OPEC+ alliance failed to reach an agreement on new output cuts at its meeting in early March, Saudi Arabia immediately pledged to shock and awe the market by pumping crude oil at its maximum capacity. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Saudi Arabia also slashed its crude prices for April delivery, sparking a wave of fixtures by US refiners. Six weeks later, even with a new deal forged this month that goes into effect in May, the Saudis’ strategy is playing out with a tsunami of the kingdom’s crude headed for US shores – all while the market endures its worst […]