Thu, 19 Mar 2020 22:00:57 +0000
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of coronavirus (COVID-19). In its recent report, the IEA estimates global oil demand at 99.9 mbpd in 2020, which is around 90,000 bpd lower than in 2019 and …
Full article: https://www.hellenicshippingnews.com/volatility-to-increase-in-tanker-market-following-oil-price-war/