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Commodities

Opec+ expected to deepen cuts in response to coronavirus [delayed]

Opec+ expected to deepen cuts in response to coronavirus [delayed]

Oil prices have nosedived since the outbreak of the coronavirus, with Brent crude down 25 per cent since the start of January. The outbreak of Covid-19 has almost certainly pitched China’s economy into contractionary territory, disrupting everything from manufacturing supply chains to property construction. The grim economic outlook was
Alex Kozul-Wright Jun 10, 2020
There will be blood [delayed]

There will be blood [delayed]

The sharp contraction in global economic activity prompted by Covid-19 has sent oil prices into a tailspin. Brent crude, already on the backfoot since the outbreak of the coronavirus, suffered an additional leg-down this month when two of the world’s biggest producing nations – Russia and Saudi Arabia – set the
Alex Kozul-Wright Jun 10, 2020

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