EPISODE · Apr 6, 2026 · 24 MIN
36 The 1986 Oil Price Bloodbath
from Crude Ambition: This is the story of power · host By Seven Media
Saudi Arabia has had enough. This is the episode where the kingdom's oil revenues collapse from $119 billion to $26 billion, quota cheating tears OPEC apart, and the Saudis finally stop propping up the price and threaten to flood the market. Episode 36 of Crude Ambition follows the brutal price war of the mid-1980s and the question haunting every oil capital on earth: how low can it go?
What this episode covers
Saudi Arabia has had enough. This is the episode where the kingdom's oil revenues collapse from $119 billion to $26 billion, quota cheating tears OPEC apart, and the Saudis finally stop propping up the price and threaten to flood the market. Episode 36 of Crude Ambition follows the brutal price war of the mid-1980s and the question haunting every oil capital on earth: how low can it go?
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36 The 1986 Oil Price Bloodbath
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