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OPINION: Opec alliance must act to reverse oil market rout

Opec and its allies came to the rescue with too little, too late — further action is necessary

Busted flush: with the global market awash with oil supplies amid demand destruction caused by the Covid-19 pandemic, US crude prices plunged into negative territory early this week.
Busted flush: with the global market awash with oil supplies amid demand destruction caused by the Covid-19 pandemic, US crude prices plunged into negative territory early this week.Photo: RYTIS DAUKANTAS/UPSTREAM
  • Editorial
USADonald TrumpSaudi ArabiaRussiaOpec
Published 23 April 2020, 08:41Updated 23 April 2020, 08:41