Dennis Van Tine/STAR MAX/IPx 2018 via AP Crude oil prices slid more than 3% on Monday on reports that Russia and Saudi Arabia have postponed their oil production meeting to Thursday, casting doubt on a potential deal. On Sunday, President Donald Trump threatened to impose "very substantial tariffs" on oil imports if Saudi Arabia and Russia do not reach a deal to end their price war. Global oil prices slid on Monday after Saudi Arabia and Russia postponed talks to cut output as the coronavirus pandemic continues to hammer demand. On Saturday, CNBC reported, Russian President Vladimir Putin blamed the oil-price collapse on Saudi Arabia pulling out of the more than 3-year-old OPEC+ deal. A price war between Saudi Arabia and Russia erupted after the two countries were unable to reach an agreement on production cuts.
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