The COVID-19 scare has sent oil prices tumbling. NJ Ayuk, who heads the Centurion Law Group, tells DW what can be expected from the forthcoming OPEC meeting. Will there be any major cuts in oil output?
Global financial markets have brushed off a devastating pandemic, US civil unrest and fresh China tensions. How can Wall Street be so detached from the economic reality of our times?
These are strange times indeed — with oil prices in negative territory, sellers are practically giving it away. But is that really because of the coronavirus or is it about the oil market itself?
The global oil market has seen an alarming slump amid the pandemic. An OPEC+ deal on output cuts has failed to ease fears of oversupply. Energy expert Fares Kilzie tells DW where Russia stands in this dilemma.
Several OPEC+ members, including Russia, have been notorious for failing to comply with pledged output cuts aimed at propping up oil prices. But as the pandemic roils oil markets, there may be fewer incentives to cheat.
© 2020 Deutsche Welle |
Legal notice |
| Mobile version