Cheap oil and Covid-19 could slow down EV roll-out and airline upgrades By Duncan Levine
CPC has left fuel prices at the pump unchanged for this week – after choosing to freeze prices for the upcoming week-long lunar (or Chinese) new year holidays.
Global stock markets yesterday added to losses accumulated over the past two weeks following a massive drop in global oil prices. The dramatic drops were attributed to growing fears over the impact on global oil market demand and the overall economy from the coronavirus.
Taiwan's core inflation rate decreased in April, according to an official press release yesterday by the Directorate General of Budget Accounting and Statistics (DGBAS).
Western countries have begun imposing a US$60-per-barrel price cap, and ban, on some types of Russian oil.