Oil prices fell 12 per cent as markets reopened on Sunday after Saudi Arabia and Russia traded barbs over the weekend, casting doubt on their ability to reach a deal to cut oil supply to shore up prices devastated by their month-long price war and the coronavirus pandemic. Brent crude fell in early trading to just over $30, losing more than $3 a barrel but holding on to the bulk of the gains made last week when Donald Trump, US president, sparked a rally after suggesting that Saudi Arabia and Russia would agree to remove 10m-15m barrels a day of oil.
FT 6th April 2020 read more »
Bill McKibben: Big Oil is using the coronavirus pandemic to push through the Keystone XL pipeline. The oil industry saw its opening and moved with breathtaking speed to take advantage of this moment.
Guardian 5th April 2020 read more »