Oil Industry Hit Hard By New Travel Restrictions ...Middle East

A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again.  European airline shares plunged this week as Germany, France and Italy all announced new lockdown measures to be introduced over and beyond the Easter period. Vacation travel is also restricted until at least May across several countries including the U.K., which is fining those who choose to travel without need £5,000 ($6,900) for breaching restrictions.  Sophie Griffiths, a market analyst at Oanda…

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