Tag "covid19"
India: Impact of COVID-19 on adoption of BS-VI norms
On the 1st of April 2020, India adopted the BS-VI emission norms. The move places India in a select group of economies with Euro VI-compliant fuels. However, the move to low sulphur transport fuel is fraught with downside risk given the impact of COVID 19 on the Indian economy. The capital-intensive move by refineries and automobile manufacturers has now moved into a stage where the revival of demand and coordinated price adjustment is essential for cost recovery.
Making History: Coronavirus and Negative Oil Prices
Since the beginning of the Coronavirus pandemic, there has been a loss of 1/3rd global demand – more than 30 million barrels per day (BPD). The virus instilled a level of uncertainty for oil traders, but the catalyst for the initial drop in price can be attributed to the escalating price war between Russia and Saudi for market share, eventually leading Saudi to flood the market with oil.
COVID-19: China’s e-commerce
All markets and industries have struggled under the strain of coronavirus and the measures implemented to combat it. Firms and individuals alike have sought out ways of mobilising solutions in response to the challenges COVID-19 presents.
