Qatar’s shipping price for crude oil this Apr reaches new low since 1999
According to the official news from Qatar’s government, the average shipping prices of crude oil this April was around US$18/barrel, which had decreased by 51% month on month, and it was also the new low since 1999.
The main reason for the dramatic decrease in its crude oil prices might be caused by the epidemic situation in the world, and many cities and countries decided to lock down the border to prevent the virus expansion, which further pressured the crude oil demand.
