Saudis' Bold Gambit Paying Off Just Three Months Later: Energy – Bloomberg


Wall Street Journal
Saudis’ Bold Gambit Paying Off Just Three Months Later: Energy
Bloomberg
(Bloomberg) — Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working. U.S. drillers are idling rigs at a record pace, gutting investment plans and laying off thousands of workers.
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