US Oil Price Below Zero

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US Oil Price Below Zero

A general view of a Total Oil refinery office 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.Total Petrochemicals is one of the world’s largest petrochemicals producers. Its business includes base petrochemicals from steam crackers and certain refinery processing plants. (Photo by Jonathan Raa/NurPhoto)


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