A growing COVID-19 pandemic has forced governments and citizens around the world to embrace extraordinary steps, sapping economic activity and sending oil use and prices down sharp- ly. The demand collapse comes at the same time a battle over market share has erupted between Saudi Arabia and Rus- sia, two of the world’s largest producers. Falling oil prices would normally be welcomed by consumers, but many are confined to their homes and unable to enjoy the cost relief.
Musings on the Energy Industry
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