Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel.
Tag: International Energy Agency
Oil Prices Crash, Virus Hits, Commerce Stops: Iraq Is in Trouble.
Iraq depends on oil revenues, which have plummeted. The country is so desperate it is asking for donations to help it weather the pandemic.
U.S. Risks Roiling Oil Markets in Trying to Tighten Sanctions
Oil purchases by China and India are undermining United States sanctions on Iran and Venezuela, but halting them could come at a cost.