These are 10 signs the oil industry is dazed and confused
International oil prices have lost about 45% in March and fallen below the cost of much of the world's production
26 March 2020 - 10:01
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% in March 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...
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