Coronavirus has put half of the world’s population into lockdown. People are not commuting to work, traveling by air or road, shopping, going to events or eating out. The global economy has literally ground to a halt. Oil demand has collapsed as a result, dropping about 30 percent compared to before the pandemic. Natural gas […]
Around the world, people are staying home to avoid spreading the COVID-19 virus. The unprecedented human lockdown has collapsed oil demand and is causing financial distress for oil producers. The situation is particularly severe in North America, where jobs are being lost and companies are going bust. It may still get worse. As a solution, […]
Around the world, people are staying home to avoid spreading the COVID-19 virus. The unprecedented human lockdown has collapsed oil demand and is causing financial distress for oil producers. The situation is particularly severe in North America, where jobs are being lost and companies are going bust. It may still get worse. As a solution, […]
Coronavirus is spreading beyond China. Over 60 countries have confirmed cases and the number will continue to grow. The World Health Organization (WHO) is characterizing the risk level as ‘very high’. Anxiety about the economic fallout has infected oil price. This week’s SnapChart shows the recent slide of WTI, from over $US 60/B at the […]
