Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Oil bound for sharper declines, industry experts tell Goldman Sachs [Reuters]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Reuters
Oil bound for sharper declines, industry experts tell Goldman Sachs (Reuters) - Oil prices could continue to tumble and even fall to single digits as demand slumps due to the coronavirus crisis, industry experts said in interviews published by Goldman Sachs, exacerbated by a market share tussle among top producers as the world runs out of storage space. But the slide could give way to a “healthier global industry,” the bank said in the note dated March 31, rebounding as production is reduced. Oil expert and Pulitzer Prize-winning author Daniel Yergin told Goldman Sachs that demand could fall by 20 million barrels per day in April, or even more, referring to the “biggest demand drop in modern times” while Saudi Arabia and Russia engage in a price war. “If we run out of oil storage and oil can’t be moved, as in 1988, we’ll see prices go sharply lower— to very low double digits, and in some cases to single digits,” Yergin said, adding that low prices could prevail for the next several mo Show less Read more
Impact Snapshot
Event Time:
SPGI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for SPGI alerts
Opt-in for
SPGI alerts

from News Quantified
Opt-in for
SPGI alerts

from News Quantified