Oil sector could face even more distress during coronavirus crisis as it struggles to attract investment – CNBC

Oil sector could face even more distress during coronavirus crisis as it struggles to attract investment – CNBC

SINGAPORE – Oil prices have fallen during the pandemic and the industry crisis could worsen as new investment is unlikely to flow in, experts said at an energy conference this week. Movement restrictions linked to the pandemic have prevented people from moving and traveling, drastically reducing oil consumption. Earlier this year, the May contract for […]

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