The decline of oil prices is defined asby a decrease of spotted prices of barrelbarrels of all sorts of oil on free trading platformplatforms. Global issue first appeared in early 1980s because of non-OPEC countries developing their oil production and is still actualan actual problem. DropThe drop of oil prices in 1985 led to the financial crisis in 1990-1991 in Bahrain, which seriously affected on its economy, as in anymany other Gulf countries. NewThe new decline of oil prices in 2020th March 2020 is as aa new wave of financial crisis, stateand is going to affect on petroleum exporting countries because of covid-19COVID-19 and its limits for petroleum use. If petroleum use is going to be limited it may end up with some countries losing their influence and cause some stress for the global economy itself.