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Why have oil prices crashed?

Why have oil prices crashed? © Provided by The Times of India Oil prices have plunged by over 20% since last week amid concern that a dispute between Saudi Arabia, Russia and other oil-producing countries could lead to a global economy already weakened by COVID-19 to be awash with oversupply of crude. Over the past month or so, the demand for energy has fallen as people have cut back on travel amid worries that the new coronavirus will slow economies sharply, meaning even lesser demand. The Saudis slashed oil prices during the weekend as they failed to convince Russia to make major cuts in production. The price war triggered by Saudi state energy giant Saudi Aramco is to enable it to get a bigger slice of oil markets from Russia, and US shale producers.

Corrections: May 21, 2021

Oil rises, on track for weekly loss as Iran nuclear talks make progress

Indian Oil Q4 Review - Inventory Gains Drive Earnings: Prabhudas Lilladher

Indian Oil Q4 Review - Inventory Gains Drive Earnings: Prabhudas Lilladher May 21 2021, 10:06 AM May 21 2021, 10:06 AM May 21 2021, 10:06 AM BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HPCL Q4 Review - Best Placed For Sector Upturn: Prabhudas Lilladher

HPCL Q4 Review - Best Placed For Sector Upturn: Prabhudas Lilladher May 22 2021, 12:03 AM May 22 2021, 12:03 AM May 22 2021, 12:03 AM BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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