US Oil Price Below Zero

Editorial photo #5645134 Economy, Business and Finance

US Oil Price Below Zero

A general view of a Essol Oil refinery in Antwerp - Belgium on 21 April 2020. US oil prices crashed into negative territory last few weeks,for the first time in history as the evaporation of demand caused by the coronavirus pandemic (COVID-19) world wide, left the world awash with oil and not enough storage capacity.ESSO refinery processes different grades of crude oil varying from light low-sulphur to heavy high-sulphur oil. The crude oil is supplied via the Rotterdam-Antwerp Pipeline, which is co-owned by ExxonMobil. (Photo by Jonathan Raa/NurPhoto)

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© 2026 NurPhoto - Jonathan Raa/NurPhoto
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