What the Economic Effects of the Coronavirus will mean for Indonesia’s Biodiesel Energy Future
The spread of the Covid-19 virus and the quarantine measures implemented worldwide have been having an adverse effect on all aspects of life. The world has slowed down, and with our day-to-day lives no longer flowing Business as Usual, we face a period of uncertainty economically. Importantly, how the world has been using energy and the economic reaction to that has been in full view of those of us who read the news. The crude oil market has seen significant price drops due to trade wars between crude oil producers. Simply, these declines in crude oil prices have come about from a reduction in the demand from the global market as people are travelling and transporting goods less.