For Big Oil, this crisis will be different, and it may be irreversible

Capt. John

The price of oil has gone negative after weeks of oil sands output selling for less than a pint of beer per barrel. Banks are preparing for a wave of oil bankruptcies by setting up their own oil companies to operate seized assets. Regulators in Texas are considering setting limits on the state’s...

https://www.hellenicshippingnews.com/for-big-oil-this-crisis-will-be-different-and-it-may-be-irreversible/

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