The Oil Market Is Imploding 📉🛢️

from HyperChange · host Gali

Oil futures went negative for the first time in history yesterday, hitting -$37 per barrel. What does this tell us about the state of over supply in the oil industry, and how difficult it will be for companies (like Exxon and Chevron) to compete with nation states (like Russia & Saudi Arabia) in the current price war. Things are so bad Trump is considering a bailout for oil & gas companies.

Episode metadata supplied by the publisher feed · Published Apr 22, 2020

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The Oil Market Is Imploding 📉🛢️

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