You can’t get much cheaper than negative prices. As the world knows, oil briefly went negative this week before rebounding, showing the breathtaking speed a downward tack can take when demand dries up and so, too, does storage. And the ripple effects presage a shift...
Cryptocurrency markets plummeted after oil prices crashed and the stock market spiraled into another sell-off frenzy, according to reports on Monday (March 10). Oil markets tumbled at least 30 percent after the breakup of the OPEC+ alliance prompted a price war between Saudi Arabia and...
April 03, 2022
The White House promised 180 million barrels of emergency oil towards addressing the crisis of energy supply. But that hasn’t translated into American drivers cutting consumption, the Financial Times said. U.S. oil use this year has averaged around 21 million barrels a day just in the past month. That’s around 8% increased from a year ago, hitting […]
March 09, 2020
Cryptocurrency markets plummeted after oil prices crashed and the stock market spiraled into another sell-off frenzy, according to reports on Monday (March 10). Oil markets tumbled at least 30 percent...
