Mar 23, 2020 Bernard Haykel j. von Hettlingen  Mar 29, 2020 PRINCENTON.- Bernard Haykel explains why Saudi Arabia decided on March 7 to step up its oil output starting from next month. Amid the spread of COVID-19 that is stalling the global oil demand, the Saudi decision wiped billions of dollars from the market value of the industry’s biggest companies after oil markets recorded one of the biggest price slumps in history. Apparently there is a “radical” strategy behind the Saudi decision to flood global markets and depress oil prices. Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman Seguir leyendo