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April 28, 2020

Power down: Decreased demand and production slowdown plagues energy sectors

By Duncan West

With production stunted, commodity prices in free fall and supply chains restricted, many governments are implementing measures to ease the energy downturn brought on by Covid-19.

The energy sector, which commands a significant share of foreign investment, has been hard hit by the coronavirus epidemic which, in turn, is having a ripple effect on global FDI flows.

The UN Conference on Trade and Development reported on 26 March that the sector’s 2020 earnings estimates are set to plummet by 207%, due in part to the significant drop in oil prices.

Read more here

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