MARKETS

Who's telling the market what about corona?

LAST week saw a rush of releases to market by companies outlining their hedging positions for the year as the oil price fell through the week. Now, several are slowly responding to the coronavirus COVID19 epidemic as the world bunkers down and oil demand declines daily.

Helen Clark

Last week it was hedging statements, this week COVID19 impact assessments

Analysts from consultancy, Rystad Energy see global oil demand possibly contracting by 11 million barrels of oil per day this year, and a further million three barrels could be added by Gulf states...

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