Oil price slump amplifies Covid-19 effect on market volatility

Loading player...
The intensity of turbulence in the global financial markets deepened on Monday as the collapse in the oil price amplified the uncertainty created by the corona virus. An oil price war was precipitated by the implosion of an OPEC+ meeting which saw Russia disagreeing with Saudi Arabia to reduce oil production to stabilise the oil price. The potential effect of the corona virus on global economic growth and demand for oil has caused the oil price to retreat from $65/bbl in January to $50/bbl. Saudi Arabia’s decision to reduce the price on its oil supplies, precipitated the collapse in the oil price to $35/bbl.
10 Mar 2020 English South Africa Business · Investing

Other recent episodes

Everything Counts | Episode 39: Young professionals and the debt trap

Drowning in credit offers the moment you land your first paycheck? You’re not imagining it, from store cards to buy-now-pay-later, young professionals are being pulled into debt faster than they can say “credit approved". In this episode of Everything Counts, host Motheo Khoaripe sits down with Investec’s Keshnie July, Lending…
12 Jan 22 min

Macro Monday Ep 100: A year when valuations mattered

In the first episode of Macro Monday for 2026, our Chief Investment Strategist Chris Holdsworth looks at market performance over the last year. While US equities added 18% in 2025, it lagged behind global equities (up 23%) and an array of countries, including South Africa. One of the top-performing currencies…
12 Jan 10 min

Art in Focus Series 2 | Ep 1: The business of art

Listen to Frank Kilbourn of Strauss & Co. and Ashleigh McLean of Whatiftheworld Gallery on how galleries and auction houses navigate market cycles, build sustainable artist careers, and assign value in a constantly shifting art ecosystem. They also share invaluable insider-insights on upcoming artists to watch. Key moments: 00:00 Introduction…
4 Jan 34 min

Everything Counts | Episode 38: Financial Lessons from 2025

As the year wraps up, it's the perfect moment to pause, reflect, and refocus. From building a resilient wealth mindset to navigating digital risks, future-proofing your estate plans, rethinking retirement, and making smarter energy choices — this year’s conversations have reshaped how we think about money, security, and long-term wellbeing…
29 Dec 2025 29 min

What next? | Rewiring finance for a better future

Group Chairman of Standard Chartered, José Viñals, Sarah Kemmitt, former lead of the UN Net Zero Banking Alliance and Dr. Nina Seeger, Director of CISL Centre for Sustainable Finance discuss how finance can accelerate sustainable development more effectively. From addressing the mispricing of climate and nature risk, to correcting market…
18 Dec 2025 48 min