The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down.
It has been revealed that there are currently 27 oil tankers with more than 20 million barrels of crude onboard anchored off the coast of Southern California,
The price of US oil has turned negative for the first time in history
Oil prices rose on Monday after the world’s largest producing oil nations agreed to the largest ever production cut in history to end a price war between Russia and Saudi Arabia.
The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war between Saudi Arabia and Russia.
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