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When Oil Became Waste: A Week Of Turmoil For Crude And More Pain To Come
26 Apr 2020, 12:40 PM IST i


The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of US oil futures, which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel. In just a few months, the coronavirus pandemic has destroyed so much fuel demand as billions of people curtail travel that it has done what financial crashes, recessions and wars ...
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