Sunday, May 31, 2026
Oil nations scramble to avert economic crisis after prices crash- oil and gas 360

Oil nations scramble to avert economic crisis after prices crash

(Oil Price) – The April market rout, which crashed oil prices into the low $60s per barrel, is creating additional fiscal challenges to petrostates and oil-producing countries heavily dependent on oil revenues, on top of any tariff-related hardships. As Brent Crude prices sank to $63 per barrel, major producers in the Gulf region, as well as Brazil and Nigeria, are looking to contain