Oil crashes 30% after Opec deal collapses
Jennifer Gnana, The National
March 09, 2020
Who was cited:
Fereidun Fesharaki, Chairman FGE
Oil crashed more than 30 per cent at the start of trading on Monday - the steepest since the Gulf War in 1991 - after the break-up of the Opec+ alliance last week, which had helped to resuscitate markets from the price slump starting in 2016 .