Norwegian Air aims to restructure, sell planes and shares in bid to survive

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Bob McNally of Rapidan Energy Group spoke on CNBCs Squawk Box Asia about crude oil and said he expects to see lower prices in April due to a collapse of demand for crude oil and an increase in supply for the commodity. April is going to be a cruel month in terms of oversupply, and things are pretty much baked in, said McNally. He is not confident about recovery in China, as he is concerned about the reliability of the data coming from China. On Sunday, Saudi Aramco is scheduled to announce its prices for barrels that are going to arrive in June, said McNally. He added the best hope is for a de-escalation in talks that could lead to lower production and exports in May and June. See more from Benzinga Cramer Weighs In On Peloton, Planet Fitness And More © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. View comments
# Engaging with 'Boring' Financial Topics for Personal Growth
Discover how traditionally dull financial topics can become intriguing and beneficial for your personal finance journey.