EFFECTS OF GLOBAL OIL PRICES WAR LEAVES OIL EXPERT CALLING FOR SHARED SAVINGS

The Saudi Arabian and Russian oil price war has plummeted oil prices to record low numbers. The already oversaturated commodity is now grappling with a weakened demand due to the corona virus pandemic. The staggering drop in prices and proposed increase in excise tax has left local petroleum expert Everistus Jn.Marie calling for shared fuel savings for the oil industries leading consumers on island.