The Day Oil Went Negative: A Look at the 2020 Oil Price Crash
On April 21, 2020, the price of oil plummeted to -$35/bbl, a historic low. This blog post explores the causes of this unprecedented event, delving into the impact of the COVID-19 pandemic on the global economy and energy consumption. We’ll also examine past pandemics and their effects on society, highlighting the vulnerability of the oil and gas industry to global events.