Question
“The Covid-19 pandemic has significant impact on both oil demand as well as the supply side, creating unprecedented global scenario”. Comment. (15 marks, 250 words)
Reference
- https://indianexpress.com/article/opinion/editorials/us-crude-oil-prices-crashing-covid-19-cases-coronavirus-dollar-per-barrel-6380514/
- https://www.worldbank.org/en/region/mena/brief/coping-with-a-dual-shock-coronavirus-covid-19-and-oil-prices
Structure of the answer
- Introduce by writing a few lines about the status of public health in India.
- Discuss how pandemic is affecting the oil sector.
- Conclude by giving a way forward.
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