Oil prices have moved into negative territory for the first in history after demand dried up and lockdowns across the world spread due to COVID-19.
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Oil prices to continue to suffer: EIU
The Economist Intelligence Unit (EIU) has worsened its outlook for oil consumption following the recent crash in prices and the escalating coronavirus situation.
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Oil slump hits Australian producers
Shares in Australia’s oil and gas giants have fallen sharply following the fallout from the inability of OPEC and Russia to reach an agreement on production cuts last week. The oil and gas sector
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EIU expects coronavirus to hit global demand for oil
Fears around the coronavirus have caused oil prices to fall by almost 20 per cent between late January and early February, a report by the Economist Intelligence Unit (EIU) has found.
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