What goes up… Aku Alip April 23, 2020 Will American shale oil go bust? Jorge Guira, University of Reading Oil prices are going through what some have termed Black April, but the bigger question is what happens longer term to US oil.
Shutterstock April 21, 2020 What just happened to the price of oil? Christina Nikitopoulos, University of Technology Sydney and Warren Hogan, University of Technology Sydney So low has the demand for oil sunk that the US is running out of places to store it.
Pumpjacks pump crude oil near Halkirk, Alta., more than a decade ago. Oil prices have plunged into negative territory due to the glut created by the COVID-19 global economic shutdown. THE CANADIAN PRESS/Larry MacDougall April 21, 2020 Oil crash explained: How are negative oil prices even possible? Atif Kubursi, McMaster University Alberta oil is the collateral damage of the oil war between Russia and Saudi Arabia, with COVID-19 launching an additional attack. The province’s oil industry will struggle to recover.