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Short Translation of a French Press Article #6 Covid-19 outbreak stopping the global economy and a price war between three of the biggest world producers namely Saudi Arabia, the United States of America and Russia : only one of both events will have been enough to engage a major fall in the oil market. But since March 7th, both adds up. (...) The fall could continue. Big oil companies are preparing to face a market where the oil barrel price could shrunk to ten dollars. Already, some countries that have their economy based on oil as Nigeria are discounting their barrel for 3 dollars a piece in hope to find customers. (...) But as demand reduces as the outbreak inscrease, this strategy appears to be inefficient.

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Short Translation of a French Press Article #6

Covid-19 outbreak stopping the global economy and a price war between three of the biggest world producers namely Saudi Arabia, the United States of America and Russia : only one of both these events will would have been enough to engage cause/prompt a major fall in the oil market. But since March 7th, both adds up. (...) The fall could continue. Big oil companies are preparing to face a market where the oil barrel price could shrink to ten dollars. Already, some countries that have their economy based on oil such as Nigeria are discounting their barrels for 3 dollars a piece in hope to find of finding customers. (...) But as demand reduces as while the outbreak inscreases, this strategy appears to be inefficient.

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