Although Saudi Arabia and Russia’s dispute over oil production was not so bad for the consumers, it led to a shocking decrease in companies shares.
It is predicted that the petroleum price will fall to 1 $ per liter which is a good news for drivers. But this cheap oil reduces the company’s profitability and will effect on their cash flow.
Some companies like Woodside Petroleum, Santos and Oil Search shares faced 18.3 to 32.5 per cent fell. Chance of negotiation between Saudi Arabia and Russia may help this situation to become better.
