Dave Ernsberger, S&P Global Platts

Dave Ernsberger, S&P Global Platts

30 April 2020
The State of Oil Ahead of OPEC+'s Planned Output Cuts
May 1 marks the day that OPEC+ initiates these massive output cuts of 9.7M barrels a day, in an effort to stabilize crude markets that have seen price wars, negative prices and a collapse in demand. Dave Ernsberger, Head of Pricing and Market Insight at S&P Global Platts, joined us to talk about Thursday's jump in oil prices, if hope is warranted for these oversupply fears to ease, and why OPEC and friends may have more incentives to comply with supply cuts now more than before.

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