A disagreement between Saudi Arabia and Russia where both have decided to significantly increase production which will flood the international market with crude, but that does not explain the global weak oil demand
CoronaVirus crisis has also caused havoc to the world travel industry which consumes a significant percentage of oil
Or maybe the world recession has finally hit
CoronaVirus crisis has also caused havoc to the world travel industry which consumes a significant percentage of oil
Or maybe the world recession has finally hit