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Oil Prices Turn Negative Amid Declining Economic Activity

Oil Prices Turn Negative Amid Declining Economic Activity

It’s been 100 years since the Spanish Flu ravaged the global community. Today it’s COVID-19, the worst flu pandemic since. In 1918, governments around the world consciously suppressed information to keep WWI soldiers from becoming…

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Today’s Oil Price Drop Is Bigger Than Yesterday’s Negative Values

Today’s Oil Price Drop Is Bigger Than Yesterday’s Negative Values

Today’s oil price fall is much more important than yesterday’s negative values. The headlines on Monday, April 20 were big news, because it seemed counterintuitive that oil prices would turn negative. In truth, it simply meant that storage prices were…

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5 charts that explain the Saudi Arabia-Russia oil price war so far

5 charts that explain the Saudi Arabia-Russia oil price war so far

Two of the world’s largest oil producers — Saudi Arabia and Russia — are set to increase production dramatically this month, after an agreement between OPEC and its allies to lower output expired at the end of March.  OPEC+ countries have teamed up to…

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