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Home > Odd Lots > How Saudi Arabia Delivered A Blow To U.S. Shale Companies At The Worst Possible Moment
Podcast: Odd Lots
Episode:

How Saudi Arabia Delivered A Blow To U.S. Shale Companies At The Worst Possible Moment

Category: Business
Duration: 00:40:49
Publish Date: 2020-03-16 03:00:00
Description:

Saudi Arabia recently announced that it was engaging in a full-on price war by pumping oil like crazy. At one point, after the move, the price of Brent Crude plunged 31%. This was a body blow to U.S. shale companies, who are already reeling from falling prices and tightening credit markets. On this week's episode of Odd Lots, we speak with Buddy Clark, a Houston lawyer at the offices of Haynes and Boone about why this came at the worst possible time for the industry, and what could happen next.

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