- The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals.
International crude oil prices have lost about 45% this month and fallen below the cost of much of the world’s production, causing energy companies worldwide to slash spending by tens of billions of dollars.
davidgaffen Petrol is 70% cheaper here, goes to show how much we are being exploited
davidgaffen We bout to have 99 cent gas again?
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Fuente: Forbes - 🏆 394. / 53 Leer más »
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »