Focus: Oil, WTI’S moment of truth

Focus: Oil, WTI’S moment of truth

Brent, which is a seaborne benchmark, trades globally and is in a better position than WTI which is essentially landlocked and has nowhere to go -- notwithstanding that in real terms the commodity has not traded at such low levels since 1971.. According to the International Energy Agency, oil demand will decline by 29 million barrels per day (bpd) in April and 23 million bpd for the second quarter.. Low oil prices will impose a limitation on spending and reform programs.. Lebanon MPs meet in hall as protesters stage car convoy /node/1662871. BEIRUT: Lebanon's parliament sat Tuesday in a conference hall to allow for social distancing between lawmakers amid the coronavirus pandemic, while outside anti-government protesters demonstrated in a car convoy.. No consensus was in sight for a general amnesty to free thousands of detainees and to suspend arrest warrants for thousands more.. The amnesty has long been a demand of the families of some 1,200 so-called "Islamist detainees," most of whom hail from the Sunni-majority city of Tripoli, where the former premier's Future Movement is dominant.. As the country faces an acute liquidity crisis, banks have banned transfers abroad and gradually restricted dollar withdrawals until suspending them last