Since the end of February, the WTI front-month contract has fallen around 50% as the coronavirus pandemic leaves a trail of economic devastation across the globe. For the first time since 2009, the International Energy Agency projects global oil demand will fall YOY in 2020, dropping by 90,000 bo/d this year, according to the agency’s March oil market report. At the same time, Saudi Arabia and Russia are going head-to-head in a battle for......
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