Crude price collapse will finally force US oil industry to cut production or go bust ...United Arab Emirates

The oil-price plunge could create a historic precedent in which the US may finally help boost the sinking energy market, albeit involuntarily, instead of benefiting at the expense of others, oil executive Mike Cantrell believes. The price of US benchmark West Texas Intermediate (WTI) contract for May finished trading on Monday in negative territory for the first time in history, falling to -$37.63 per barrel. Despite briefly bouncing back on Tuesday, the futures then tumbled again below zero before rising on Wednesday to $10 per barrel.  The situation is caused partly by the lack of storage capacity, amid a historic demand shock trigge

Hence then, the article about crude price collapse will finally force us oil industry to cut production or go bust was published today ( Wednesday 22/04/2020 - 10:25 AM ) and is available on Russia Today ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Crude price collapse will finally force US oil industry to cut production or go bust )

Also on site :

• Cognizant dynamise la formation de ses collaborateurs à l'IA grâce à Cognizant Skillspring™ : Une nouvelle plateforme de transformation des talents conçue pour accélérer la préparation à l'IA de la main-d'œuvre des clients
• LG ELECTRONICS SHOWCASES AN EXPANDED BUILT-IN PORTFOLIO WITH SKS AND LG BUILT-IN LINEUPS AT EUROCUCINA 2026
• EQT raises Asia Pacific's largest private equity fund, closing BPEA IX at USD 15.6 billion in total commitments