The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002.
Tokyo Commodity Exchange (TOCOM) futures plunged to an 11-year low on Monday as the coronavirus pandemic worsened and lockdowns tightened across the world, raising concerns over slower demand and prompting a flurry of fresh selling.
Monthly Overview of NR Economy -The period since the beginning of March has seen almost the whole world coming to a standstill as the COVID-19 virus assumed a global pandemic with no certain end in sight.
(Reuters) - Crude oil benchmarks dropped on Monday, extending last week’s losses as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating.
New York — NYMEX WTI futures were testing the $20/b level soon after the start of trading Sunday evening as demand outlooks dimmed amid further intensification of to COVID-19 pandemic despite stepped-up global containment efforts.
Rubber plantations have had a rich history in Cambodia since the first trees were planted by the French protectorate in the Preah Sihanouk province in 1910. Spreading further inland to Kampong Cham province where the region’s rusty-coloured soil is also perfectly suited to rubber tree plantations, this remains the epicentre of the plantations in the Kingdom today.