TOKYO -- Businesses across Asia already reeling from the spread of the new coronavirus now have new problems to contend with. This week's dive in oil prices, and the market upheaval triggered around it, risks changing the landscape in which many companies operate.
The region's oil companies are most directly exposed to the crude price war started by Saudi Arabia, which now represents the fiercest of operating headwinds. "The price collapse could be the trigger for a new phase of deep industry restructuring," said Wood Mackenzie, the energy consultancy.
