Home Covid-19 Video News Coronavirus: Economic fallout intensifies with crashing oil prices | DW News

Coronavirus: Economic fallout intensifies with crashing oil prices | DW News

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The financial penalties of the coronavirus epidemic have sparked a battle amongst main oil-producing nations. Last week, oil producers have been unable to agree on a discount in manufacturing volumes, leading to a worth struggle between OPEC and Russia. That has despatched oil prices plummeting. The worth of oil collapsed by 31.5 p.c on the start of buying and selling, the bottom worth since January 1991.
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37 Comments

  1. ferkemall

    July 29, 2020 at 3:21 pm

    dot dot dot dash dash dot dot will some decode her message please !

  2. ferkemall

    July 29, 2020 at 3:21 pm

    2022 oil prices will rise as the EU council via the Paris accord is going to force all shipping to go over from Base oil to diesel /bio diesel the cost in doing this runs into the millions + there are maintenance costs of recovering the soot from the electrostatic filters and then getting rid of it as there will be tons of it so they can either dispose of it at an EU port at vast expense or just dump it at sea & save the money ,basically the same thing that put millions of tons plastic into the oceans the EU laws made plastic a very expensive item to get rid of hence the mountains of it dumped on land .
    The use of diesel will create a bigger market for diesel , the bio diesel will create more problems as the price of Palm will go up = more jungles cleared out to grow Palm oil .

    The upshot of these save the planet emissions laws = higher fuel prices and the loss of more jungles + higher freight prices resulting higher taxes due to the higher cost of freight
    The EU have it all worked out ,without their emissions fines /charges & sanctions the EU would be broke in a week ,no body can afford to make anything there due to their biodegradable lead free non violent vegantarian life style emissions laws ,even Renault have shut plants down

    2022 see,s the EU to ban all domestic & oil fired boilers along with wood burners, bottled gas ,they are going force the public to go over to either all electric and or heat pumps at great expense to the public ,along with higher taxes in the name of green & save the planet so generating tens of millions in the heating sector in work & taxes and of course fines /charges & sanctions if you dont COMPLY , the EU is a total joke and no one in there right mind would invest there unless its in the energy business where prices are going to rocket or the heating business .
    The French are a nation all dressed up with no where to go taxed to death under Green & save the planet taxes ! UK

  3. R L

    July 29, 2020 at 3:21 pm

    Theres higher numbers in thr millions of ppl dying from other communicable diseases over 41 million from aids but THIS is a pandemic?? Lol the gov and bill gates is doing this big pharmsa n financial sector run by bill gates want to join
    We wre guinny pigs n useless eaters bye

  4. Ethan Weeter

    July 29, 2020 at 3:21 pm

    This is why we need more energy sources like: wind, solar, and nuclear even. Diversify everything to make your country more recession proof. The US is heading the wrong way maybe because we rely too much on too few of resources honestly. If we had our own stockpile of energy, we could help other countries out as we weather the oil price plunge. Heck, that may help the oil industry because it motivates them invest into renewable energy markets and expand their portfolios.

  5. SSS ML

    July 29, 2020 at 3:21 pm

    Will this corona virus act as a time traveler?

  6. Liberty Warrior

    July 29, 2020 at 3:21 pm

    Easy, buy Silver.

  7. Mike Johnson

    July 29, 2020 at 3:21 pm

    We are all basically f***ed…..
    ..

  8. zoom

    July 29, 2020 at 3:21 pm

    Great news, throw the greedy, theifing frauds into jail.

  9. Johannes - Eu Quero Falar Alemão

    July 29, 2020 at 3:21 pm

    beispielhaft

  10. qreet 17nb

    July 29, 2020 at 3:21 pm

    There is no god for criminals and whores and pedophiles policy in Europe! your corrupt world pays the remarkable prizes!

  11. พิมพา สิงห์คํา

    July 29, 2020 at 3:21 pm

    Rubbish are people really that thick

  12. nemo

    July 29, 2020 at 3:21 pm

    No more so called free market, neoliberal finance and economics ! We need to get back on the road of mixed economies : part private(market based) without the ideology and part social (public) without the ideology . The health and well being of we the majority, the everyday people of the world must have the upper hand ! if not , as has always been the case in modern history , there will be another great depression followed by war . if we do not nationalize all vital goods and services now , none of us is going to survive .

  13. ATIPAT 1212

    July 29, 2020 at 3:21 pm

    ???????????

  14. ATIPAT 1212

    July 29, 2020 at 3:21 pm

    ??????????????

  15. Rizki Ferdian

    July 29, 2020 at 3:21 pm

    Timing at its best then those less intelligence people blame on Covid19 and China and those people are those running the false systems they know nothing about.

  16. Martin Land

    July 29, 2020 at 3:21 pm

    Good thing is the Corona hoax will get the interest rates down and before elections everything will be fine. Amazing how they can push this lie so easily.The best is yet to come. Th globalists will be punished for their evil.

  17. J

    July 29, 2020 at 3:21 pm

    Covid 19 is the spark that exposed global debt & speed up global economic problem.

  18. Grnfinger

    July 29, 2020 at 3:21 pm

    Holy blink much?

    Gas prices dropped almost .37 cents a liter over night in my town in Ontario Canada . Now let's hope the (and I use the term loosely) prime minister will start acting and stop ppl coming in from infected countries.

  19. Yes, Minister!

    July 29, 2020 at 3:21 pm

    So was the virus a planned catalyst for a market reset? ?

  20. geneity

    July 29, 2020 at 3:21 pm

    After the economy collapses maybe there will be another civil war here?

  21. Christian Kepler

    July 29, 2020 at 3:21 pm

    Corona was designed to make money from falling and raising stock market & get even with those Asian zombies'~!!!

    If you have money put it into the stock market lowes…. then sell as soon as it bounces back then wait do it over and over…. you can do it a million times with the Corona Virus.

  22. Why So Serious

    July 29, 2020 at 3:21 pm

    Why does she blink so much? I feel bad for her.

  23. Carlos Zavala

    July 29, 2020 at 3:21 pm

    Sounds like a global depression

  24. TESO DJUKIC

    July 29, 2020 at 3:21 pm

    because of globalisation world economy is extremely fragaile.

  25. Emrys Lurker

    July 29, 2020 at 3:21 pm

    The girl using shades fails to understand how "infectious virus" with "thousands of people crowded in a plaza" are disastrous and dangerous. This kind of individual needs the Darwin test lest they be allowed to reproduce idiocy into the populace.

  26. Robert Forrester

    July 29, 2020 at 3:21 pm

    No Doc . . .let's not 'ease' the misinformation out. It needs to be stopped in it's tracks, immediately. But when a profession's mantra is, 'if it bleeds, it leads', the odds of that happening are somewhere between slim and fugetaboutit. To refer to the existing manor of journalism a profession is just a bad joke. To call the information we are being fed hyperbole is in and of itself, hyperbolic.

  27. Sam Mor

    July 29, 2020 at 3:21 pm

    Likely full international lock down in weeks to come people must prepare now. Virus full blow out now.

  28. THE DUKE

    July 29, 2020 at 3:21 pm

    But what about all the other companies making a killing off the virus? Food supplies, water, water containers, sanitisers, face masks, medical supplies exct exct lots of these items have went up in price to a rediculous level. I think the Dow is misrepresenting the facts. Lots of huge global companies own lots of other companies. Huge money is being made of this virus.

  29. Sunil Kumar

    July 29, 2020 at 3:21 pm

    why this lady is flickering her eye lids all the time…get a check up…

  30. DeepCupsChan119

    July 29, 2020 at 3:21 pm

    Nah it’s normal in Canada

  31. into music

    July 29, 2020 at 3:21 pm

    I'm trying to crash it just with my mind ?

  32. Roy Rice

    July 29, 2020 at 3:21 pm

    “We are just days away from a cure for Covid-19” All is well and OK !!- Gov’t. ???? also “ The stock market will totally recover by this Friday” ????. “ There is NO problem man cannot solve”- liars too ????

  33. Love & Honour Love

    July 29, 2020 at 3:21 pm

    Spray your Corona daily. With generic disinfectant spray. This will kill the virus.

  34. Love & Honour Love

    July 29, 2020 at 3:21 pm

    Close our Borders

  35. Love & Honour Love

    July 29, 2020 at 3:21 pm

    Stop reproducing.

  36. Anita Krajnc

    July 29, 2020 at 3:21 pm

    How can the guest say oil is the lifeblood? It's going to kill us all. Rather have Greta on the show. The house is on fire because of fossil fuels and animal agriculture.

  37. Kevin's Journal

    July 29, 2020 at 3:21 pm

    It's going to crash down even harder, literally just made a video about this, but every country is being impacted economically.

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