Falling oil prices are a symptom of the economic downturn, falling demand, production, consumption, income, etc., which leads to a slowdown in host growth and perhaps also the recession of the global economy in 2020.

Regards,

Dariusz Prokopowicz

Dear Dr. Abdulwahid Ghazi Mohammed ; in my opinion....

Low consumption with relatively stopped trade triggers a global crisis and allows for the growth of a new superpower country, that is a country which is able to survive during the crisis due to this corona....

the current situation is completely out of control ... a lot of activity stops and the economy is headed for paralysis

prayerfully to God, we hope this will end soon and be replaced by a better and more prosperous atmosphere for humanity

Warmest regards

NDP - Surabaya Indonesia

Although the fall in oil prices due to the coronavirus pandemic is generally perceived as a symptom of the economic crisis, it can also be viewed positively.

If it translates into a decline in fuel prices, this could lead to a fall in the prices of almost all goods (and services), as distribution prices are an important component. This is good news for customers. Of course, this is only a partial view, and in the case of a crisis progress, the causes and effects will be much complex. However, every crisis is part of new healing and recovery process.

It does not show good symptoms. We do not know exactly how severe the condition we will have.

For the last two decades, the world was fighting and caused bloodshed even for Oil. This COVID-19 teaches one thing, if there is NO HUMAN, there is no necessity of OIL.

he decline in oil prices globally has a severe impact on all aspects of the economy, especially on financial markets and on oil futures contracts, which led to lower share prices and an impact on the sanctity of markets, however the great impact was positively reflected on the trend towards finding alternatives to financing, especially in Iraq in addition to the benefit of industrial companies From low oil prices as an engine of the industry

The major oil producing countries will lose huge sums regardless of their market share. Like Russia, but not significantly. As for the other oil-dependent countries that have suffered from years of conflict, uprisings or sanctions and because of the large government spending and generous subsidies of citizens, they are the most affected countries such as the Gulf states, Iraq, Iran, Libya and Venezuela, and the United States of America will also be affected .