Tag Archives: COVID-19 threatens African oil industry

The Coronavirus is putting the world’s economy under severe strain and the consequences are already being seen in oil production. The benchmark barrel of North Sea Brent crude oil plunged heavily in Asia, losing nearly 25% to $33.29 per barrel. For experts, this is a loss of nearly 50% since January 1. It’s a concern in oil-producing African countries. Many ...

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