IEA: Oil Price Collapse Could Leave 50 Million Jobless

The historic oil price crash from last month could lead to as many as 50 million job losses globally in the oil refining and retail industry, Reuters quoted the head of the International Energy Agency (IEA) as saying on Friday. The oil price collapse is bad for consumers, too, IEA’s Executive Director Fatih Birol said.   Also on Friday, Birol said that he had held a call with Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, during which the two “shared our concerns over the situation in…