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