Oil price plunges in biggest fall in 30 years with term LNG affected but spot already discounted

Monday, 09 March 2020

Oil prices plunged over the weekend with their biggest fall in almost 30 years as the world’s largest exporter Saudi Arabia decided to slash prices and North Sea Brent crude hit $33.56 a barrel, a more than 32 percent drop since Friday when it was at $49.32 per barrel.

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