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Unannounced global recession

The oil industry is on the brink of catastrophe as fear of an unannounced  recession grips the world after oil prices hits negative, its lowest level since 2002.The economic fallout from the coronavirus pandemic has crash oil demand by a surprising percentage. Is this the beginning of the end for the liquid gold "crude".

Posted by: IMOH Umana, 2020-04-23 12:08:11 Posted In Economy
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Today economy is generally affected with Corona virus pandemic, the fall of oil price is about the hit The world economy at Large into fear and suspense. The oil price had his lowest benchmark since 2002, and it's about to bring the world economy into revolution.

Posted by: Ofonime Effiong, 2020-04-23 16:17:05
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at present reduced is normally precious with nimbus virus pandemic, the trip over of lubricate value is about the clash with The humanity cost-cutting at huge into horror and suspense. The lubricate estimate had his buck target since 2002, and it's about to create the globe belt-tightening exercise into revolution.

Posted by: Umaar, 2020-04-25 09:40:48
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This is not so bad because this can actually help a country to diversify and look into other means of generating national income. I Know of countries that depends solely on crude oil and neglect other resources they have.

Posted by: Daniel Mathew, 2020-05-07 11:12:34
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