SAfm: SA Sunrise
Wednesday, 22 April 2020
Interview about the recent record drop in oil prices, particularly, Western Texas Intermediate which decrease below zero for the first time and how it affects global markets, national economies, capital markets and consumers. The discussion reviews the main causes for the sharp drop in oil prices, its sources and how it has affected national economies such Angola and Nigeria. The discussion evaluates the impact on US shale producers and the implications of the COVID-19 pandemic on oil prices. The interview also discusses the implications lower oil prices on consumers, firms, national economies and capital markets.