> which lead them to increase production was just a few months ago https://www.eia.gov/opendata/qb.php?category=1039874&sdid=STEO.COPR_SA.M https://www.eia.gov

> which lead them to increase production was just a few months ago https://www.eia.gov/opendata/qb.php?category=1039874&sdid=STEO.COPR_SA.M https://www.eia.gov/opendata/qb.php?category=1039874&sdid=ST... Production for the month of March is published and does not show a significant increase. Again, its likely that the sources you follow are providing misinformation - not just about this, but about other things as well. More generally, I follow oil news quite closely (as I work in the sector, and I have worked in Saudi Arabia specifically). These types of claims are "widely report in the media" constantly every year, although it is interesting that there's a Wikipedia page about this year's events. I personally wouldn't trust that version of events, as it only narrates changes in price without addressing movements of the supply/demand curve. I consider volumes of supply and demand to be more narrative for fungible commodities than statements of price alone. As all these price movements happened after China's enormous quarantine and reduction in road traffic in February, I'd posit that the falling prices are a result of concrete reduced demand, rather than hand-wavey price adjustments. Saudi can't adjust price lower globally single-handedly, the next marginal sales will happen at the market price. This wikipedia article doesn't seem to see that. The only way Saudi can reduce the price for its competitors is by supplying more oil to the global market.