Expert Discuss How COVID-19 Has Impacted The Crude Oil Prices | Commodity Champions
Автор: CNBC-TV18
Загружено: 2020-04-25
Просмотров: 609
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The coronavirus crisis led to an unprecedented collapse in demand for oil and U.S. prices have rapidly fallen over the past week.
In order for the price to stabilize, U.S. producers have to further cut their production or be forced to curb it because they are out of places to store it. Energy analysts, looking at global oil storage by way of satellite data, say that while storage capacity is filling up, it’s not near its limit yet.
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