According to an article published in Oilprice.com, a global upheaval is likely to result from the oil price crash, upending the current fragile balance of power because key oil-producing countries, including Iraq and Nigeria, can’t buy their way out of this crisis with near-zero-interest loans like the Saudis and Americans can.
Oil Producing Countries in Trouble- Even with Brent at $25 (indeed, even when it fell below $20), the Saudis were throwing around cash at all kinds of investments,...
http://mfame.guru/covid19-economic-collapse-staring-at-oil-producing-nations/