Missed opportunity as crude oil falls to its lowest in 17 years

Transporters are no longer doing brisk business as disruptions in supply chain mean taking longer to receive cargo. [File, Standard]

Kenyans are set for a major reduction in the retail prices of fuel as global oil prices fall to a 17-year low. This follows reduced demand of the ‘black gold’ owing to coronavirus pandemic, even as major producers continue to flood the market with more oil.