KeyfactsEnergy

Oil giants post $495 billion weekly value loss amid Saudi-Russian standoff

15/03/2020

The world's biggest 14 publicly-traded oil companies saw their market capitalization decline by a total of $495 billion this week as oil prices, already battered by coronavirus outbreak, crashed after the collapse of an output deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members, which led to an oil price war between Riyadh and Moscow, according to data compiled Sunday.

Click here to access the full article.