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The coronavirus pandemic has triggered an unprecedented oil market crash. The prices of all crude oil-linked fuels also went down substantially. The lockdown of major cities caused closing down of major industries, commercial organizations and transports. The depletion of global fuel demand has created a huge oversupply in the global fuel market and ultimately caused the oil price fall to all time low. The situation forces businesses to review strategy. They need to reassess future investments by carrying out extensive risk analysis. It may so happen that the world would more rely on wind, solar and other forms of non-traditional energy. The energy world would witness fresh surge and oil price may burst through the window. As soon as the virus pandemic is over, the demand would shoot back to pre-pandemic level. But the experience of this crisis would leave lessons for the import-dependent countries to increasing storage capacity of fuel, exploring and exploiting own primary fuel resources, and adjusting fuel mix through increasing contributions of renewable energy. However, the governments must carefully assess the overall long range impacts of technologies they adopt to care for the required supply of fresh water.

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