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Stock impact report

What happens if OPEC and Russia don't agree to cut production? [CNNMoney.com]

Janus Henderson Group plc Ordinary Shares (JHG) 
Last janus henderson group plc ordinary shares earnings: 4/30 04:00 am Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/4147331
Company Research Source: CNNMoney.com
What happens if OPEC and Russia don't agree to cut production? A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . London (CNN Business) US President Donald Trump, a self-proclaimed "Tariff Man," is brandishing his favorite trade weapon ahead of a crucial meeting of major oil producers later on Thursday that's aimed at hammering out a deal to limit production . Russia and Saudi Arabia, the de-facto leader of OPEC, are engaged in an epic price war that, along with an historic collapse in demand from the coronavirus pandemic, has helped send crude prices crashing to 18-year lows. As a result, dozens of US oil companies are facing bankruptcy. China has been stockpiling oil for years. Low prices give it reason to buy more Trump wants a deal, and is using the threat of tariffs on imported oil to push OPEC and other major producers towards an agreement. "We want to save a great industry," th Show less Read more
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