As oil prices hit record lows, FRANCE 24 spoke to Fatih Birol, Executive Director of the International Energy Agency. Amid the coronavirus crisis, demand for oil has slumped and oversupply has led to massive storage issues. The price of US oil plunged below zero for the first time ever on Monday, while the price of UK oil fell to an 18-year low this Tuesday. Birol warned of a "black April" for the oil market but expressed hope for a recovery in demand from June as lockdown measures are eased. He also said he expected oil producers to cut supply. Subscribe to France 24 now:
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