I'm so tired of reading references to an oil "price war" between Russia and Saudi Arabia. There has never been any such price war. What there actually was was simply a disagreement amongst OPEC+ as to best strategy for dealing with global oversupply (continued). 
Saudi Arabia believed OPEC+ should cut production to reduce global oversupply. Russia believed this would merely encourage more shale production and would thus be futile long term, and believed high-cost marginal US shale producers needed to bear the burden of supply adjustment.
This disagreement has been ongoing for several years, and continued early into the pandemic. However, after it became apparent how severe the near term demand impact would be from covid-19, Russia acknowledged a need for output reductions given the extraordinary circumstances.
Pandemic aside, I think Russia is in the right. There is little point reducing supply to support prices at US$60-70/bbl if the outcome is merely more shale barrels, which was the case prior to covid-19. Russia's view is long term, while Saudi's view is more short term.
What it isn't is a price war. Neither Russia nor Saudi Arabia want low oil prices, or to take market share off each other. It's simply a disagreement about the best practical course given prevailing circumstances and their inability to control US shale supply.
Anyone that refers to a "price war" between Saudi Arabia & Russia therefore doesn't know what they are talking about.
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