Why are oil prices falling? How good is this news for the economy? What about for ordinary people?
For the first time in history the oil price reached a negative value, so in just a few hours it fell by 300%. A setback in the oil industry also has a knockback on the state budget to which is added a semi negative risk in the labor area.
The subject is presented in the Radio Romania Actualități report where Daniel Apostol, director of external relations of the FPPG intervened:
„Producers are forced to continue production at the same time as the market is no longer as willing to absorb it.”
