Power down: Decreased demand and production slowdown plagues energy sectors

28 April 2020 (Last Updated April 28th, 2020 12:27)

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.

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