The collapse of crude oil prices threatens the global economy as it is already struggling to cope with the fallout from the coronavirus outbreak, French Finance Minister Bruno Le Maire said on Tuesday.
“The oil price collapse is a danger for the global economy,” Le Maire told the French Senate as he a presented a budget update to take account of the impact of the outbreak. He said African countries highly dependent on oil revenues were particularly exposed to the drop in prices.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Oil price crash: Record amounts of oil stored in tankers amid pandemic - Business Insider60% more oil is being stored at sea in oil tankers than the previous record high during the 2009 financial crisis.
Consulte Mais informação »
Crude oil is back above $1 after the oil market's worst day on recordThe global coronavirus pandemic has brought countries around the world to a standstill. Here's the latest updates on worldwide Covid-19 cases, deaths, government responses, and more.
Consulte Mais informação »
This oil price crash isn't as bad as it seems — here's whyThe contract for May delivery of U.S. crude dropped more than 99% on Monday to a record low, but longer-term things might not be as bad.
Consulte Mais informação »
Oil price crashes into negative territory for the first time in history amid pandemicU.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.
Consulte Mais informação »
U.S. natgas trading at premium over oil after crude price collapseThe rapid collapse of U.S. oil futures on Monday caused crude's premium over natural gas to turn into a deficit for the first time ever.
Consulte Mais informação »
Oil export price for Mexico's Pemex goes negative for first timeMexico's oil export basket closed on Monday in negative territory for the first time ever, according to data published by state oil company Pemex, meaning the firm would have to pay buyers to offload its crude.
Consulte Mais informação »