Saudi Arabia has launched the ultimate oil power play. Here's what is stands to gain [CNNMoney.com]
S&P Global Inc. (SPGI)
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Source: CNNMoney.com
Saudi Arabia has launched the ultimate oil power play. Here's what is stands to gain London (CNN Business) Saudi Arabia has abandoned efforts to support crude prices and is now preparing to flood global markets with huge volumes of cheap oil , a stunning shift in strategy that has pushed oil futures into a dramatic tailspin and set the stage for a battle royale with rival producers including Russia and the United States. The world's biggest exporter of crude went to OPEC headquarters in Vienna a week ago to lobby other members of the group and allied producers such as Russia to extend and deepen coordinated production cuts in order to counter a steep drop in demand caused by the novel coronavirus outbreak. Saudi Arabia doubles down on threat to flood the oil market The meetings in Vienna broke up without a deal, turning Saudi Arabia and Russia into adversaries in a production war where victory means selling more oil and grabbing more market share — no matter the
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SPGI
Earnings
- 2/9/24 - Miss
SPGI
Sec Filings
- 4/3/24 - Form 4
- 3/22/24 - Form DEFA14A
- 3/19/24 - Form ARS
- SPGI's page on the SEC website