Last month, West Texas Intermediate crude dropped below $0.00 for the first time in history after weeks of low global oil demand as a result of the novel Coronavirus (COVID-19) pandemic and the Saudi Arabia-Russia price war....more
The spot price of WTI crude oil dropped below $0 for the first time in history today. While a supply glut for crude oil exists, the true value of crude going forward is not near or below $0....more
The novel Coronavirus (COVID-19) pandemic has significantly affected global oil demand, as travel restrictions and social distancing measures continue. Beyond the vanishing demand, oil markets are also feeling the effects of...more
2019 looks set to be a dynamic year in the energy markets, with the oil & gas industry potentially going back into growth mode, the accelerated expansion of renewable energy worldwide and a new chapter in the development of...more
2/5/2019
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