Most economies around the world urgently need cold, hard cash and oil-producing ones are no exception. So, to turn off the oil pumps in anticipation of higher oil price is a prudent but “luxurious” step for these oil producers. In times of distress, these malicious rumors could destroy lives and businesses. In normal times, we are often short of time and focus to do so, and thus do things haphazardly. Only as we prepare ourselves well, could we then come out on top after the pandemic subsides.

Source: Manila Times March 17, 2020 16:07 UTC