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Why Arctic oil development could soon be in crisis

The global downturn sparked by the coronavirus pandemic comes as oil prices were already unusually low.

By Atle Staalesen, The Independent Barents Observer March 26, 2020
1815

With global oil prices already falling from a price war between Russia and Saudi Arabia, coronavirus and subsequent global economic meltdown are also taking a big toll on oil and gas developments in Arctic waters in Norway and Russia.

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