Oil price war stokes fears of public services crisis amid global health emergency

摘要

Oil exporting countries that rely on crude revenues to provide vital public services face severe socio-economic repercussions just as they contend with a global health emergency, energy sector leaders have warned as they stare at what could become the deepest oil price crash in living memory. Analysts now expect the markedly lower price environment to last well into next year, wreaking untold damage upon petro-states and their economic diversification plans that could take years to get back on track.