Relevance:
The global oil prices fell below zero due to fall in demand during the Great Lockdown caused by the COVID-19 pandemic. The oil prices have fallen so low that theoritically the seller would have to pay the buyer. Oil storages are filled to the brim. While this may sound as a good news and relief with respect to the oil import bill, it also carries some bad news. OPEC will have a fall in GDP and this would affect the inward remittances. Also the drop in demand may affect the government tax revenues.
Falling Global Oil Prices Editorial 1
Falling Global Oil Prices Editorial 2
Falling Global Oil Prices Editorial 3
Falling Global Oil Prices Editorial 4
Falling Global Oil Prices Editorial 5
Falling Global Oil Prices Editorial 6
Falling Global Oil Prices Editorial 7
Falling Global Oil Prices Editorial 8
Falling Global Oil Prices Editorial 9
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