[Answer] Oil markets were thrown into turmoil after Saudi Arabia cut prices. The decision was in retaliation for the refusal of another major oil producer to join a production cut as the coronavirus outbreak affects the global economy. Which country was it?

Step 1 : Introduction to the question "Oil markets were thrown into turmoil after Saudi Arabia cut prices. The decision was in retaliation for the refusal of another major oil producer to join a production cut as the coronavirus outbreak affects the global economy. Which country was it?"

...1. Norway
2. Russia
3. U.S.
4. Venezuela

Step 2 : Answer to the question "Oil markets were thrown into turmoil after Saudi Arabia cut prices. The decision was in retaliation for the refusal of another major oil producer to join a production cut as the coronavirus outbreak affects the global economy. Which country was it?"

Russia:

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Russia, which is not a member of OPEC, refused to go along last Friday after Saudi Arabia proposed production cuts to offset the collapse in demand from the spreading outbreak. Here’s a look at how the standoff has disrupted oil markets and the potential fallout, including for producers in the U.S.

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