Coronavirus pandemic | Oil market shock to spill over into global supply chains: IEA

Money Control | Apr 2, 2020 at 5:36 AM
  • The global crisis caused by the coronavirus pandemic will be felt throughout oil’s global supply chains and ripple into other parts of the energy sector, the International Energy Agency (IEA) said in a report on April 1.
  • Oil prices crumbled as the pandemic slashed global fuel consumption.
  • Crude oil prices ended a volatile quarter with their biggest losses in history, and declined about 55 percent in March, the most on record.