Oil price collapses to 18-year low
Simultaneous shocks from Coronavirus and oversupply cause prices to collapse
Big Boss Interview · BBC News
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Show Notes
US crude oil prices fell below $20 a barrel on Monday, close to their lowest level in 18 years, as traders bet production would have to shut to prevent a glut in the markets. The situation is particularly bleak for high-cost wells in the world's largest producer: the US. We talk to Ellen Wald, from the Atlantic Council, in Florida, and Tom Adshead, a director of Macro Advisory in Moscow. Meanwhile, the Coronavirus outbreak has caused a rather startling change in fish consumption in Kenya. Instead of importing stocks from China, Kenyans have refound their taste for local catches, boosting incomes within the industry. And what do you do when you're in lock down? We interview David Shearer, who runs the UK puzzle exchange. He's seeing a resurgence in demand for jigsaws! (Picture description: Woman on a street in Moscow walks past live oil prices, showing the plunge due to Covid-19. Picture credit: Getty Images)