The Oil Glut Is Getting Critical - News Summed Up

The Oil Glut Is Getting Critical


Wars have been fought for it and lost for lack of it but, all of a sudden, nobody wants oil. The world’s most important commodity is becoming more valuable to store than to use. Normally consumers would at least reap a consolation prize from the price collapse that is ripping apart energy producers’ balance sheets, but few want to fill their cars or take a flight these days. Instead, at least some firms in the energy complex may turn a tidy profit.


Source: Wall Street Journal March 31, 2020 10:17 UTC



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