World Coronavirus Dispatch: Top-5 oil firms cut value of assets by $50 bn

New Zealand marks 100 days of no domestic virus, Brazil deaths hit 100,000, Japanese scientists turn to silkworms for vaccine, and other pandemic-related news across the globe

The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and demand. The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter. Fuel demand at one point was down by more than 30 per cent worldwide, and still remains below pre-pandemic levels. Read more here

Let’s look at the global statistics

Total Confirmed Cases: 19,025,580



Change Over Yesterday: 611,926


Total Deaths: 726,781


Total Recovered: