MARKET DEVELOPMENT
Global oil demand drops
Global oil demand drops
Sunday Observe (15/03/2020) - Global demand for oil was revised downward several times since the start of the year due to the devastating impact of the coronavirus. But more shocks are on the horizon as the world’s number one crude oil consumer, the United States, begins its own war on the deadly virus. Oil prices recorded the lowest in decades after prices fell below US$ 35 a barrel on Friday. Here fuel being pumped to a vehicle at a local filling station.
Read more at http://www.sundayobserver.lk/2020/03/15/business/global-oil-demand-drops