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Reuters
Reuters
U.S. crude oil futures fall below $0 for the first time in history MORE: Physical demand for crude has dried up, creating a global supply glut as billions of people
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Kishan Mundhra
kishangmundhra
A thread on -What led to the fall?How does it help India?What is the Correlation between Brent and WTI? The WTI crude is a particular quality of crude oil in
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Ben Norton
BenjaminNorton
This propaganda by Reuters (which was once funded by the UK govt's anti-communist infowarfare arm) does not mention why Venezuela needs to import gas: because criminal US sanctions prevent it
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The Junior Advisors
JuniorAdvisors
1/With all of the news surrounding #Crude oil and #USO trading at all time lows, we find it urgent to explain why now is NOT the time to purchase this
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Atiku Abubakar
atiku
The global oil market continues to suffer from the vagaries of the coronavirus pandemic, as prices continue to crash due to the sudden, massive and unexpected drop in worldwide demand
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cynthia w Nelson
cindian1
This map shows current position of oil tankers, mostly filled w oil. They're “stranded” around the world b/c no way to unload, b/c onshore warehouses are full, pipelines are full
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Accountability Lab Nigeria
accountlabng
The Nigerian Excess Crude Account (rainy day fund) has dwindled to $72 million.#Nigeria’s crude oil has fallen to $12pb, below the $23 cost of producing a barrel of crude oil
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Big_Orrin
Big_Orrin
1. ThreadFor those stuck in the office and not stuffing their face with Turkey and arguing with their family over politics.The biggest disappointment in the US has been refinery throughput
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CNBC Now
CNBCnow
BREAKING: Crude oil falls 300% to nearly negative $40 per barrel http://cnb.cx/3cDZj9v BREAKING: May contract for WTI crude oil settles at negative $37.63/barrel, down 305% http://cnb.cx/3cDZj9v Stocks hit fresh session
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Chris-Leo
Ngaruthi
Quick Point you all should note is that the Crude oil that has crashed into negative price is the WTI Crude (West Texas Intermediate) this is primarily used in the
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TankerTrackers.com, Inc.⚓️🛢
TankerTrackers
Iranian VLCC supertanker carrying 2 million barrels of gas condensate suddenly pops up at the José Terminal, Venezuela. Most likely sailed all the way around southern Africa given her transponder
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Javier Blas
JavierBlas
SHUT-INS (A THREAD): US and Canada combined shut-ins appear to have been running higher than what listed companies have disclosed, perhaps peaking as high as ~4.0 million b/d (the figure
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Seamus Coffey
seamuscoffey
This text suggests some sort of "rip-off" but the numbers support nothing of the sort.Crude makes up 25% of the price of a litre of motor fuel. Crude down 50%
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👁 Trace Scorch 💜
TraceScorch
Now, here's an insightful layout on what's occuring.The ships scheduled to deliver crude oil have arrived & been sitting dock, before the lockdown Saudi Arabia dropped their to sell oil
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Naren Menon
NarenMenon1
DOE working to lease out 23 MMbbl of Strategic Petroleum Reserve capacityhttp://www.worldoil.com/news/2020/4/14/doe-working-to-lease-out-23-mmbbl-of-strategic-petroleum-reserve-capacity#.XpaDbFVnDGM.twitter "......negotiating with nine companies
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Omkar
omkar_gs
Meme Thread:Simple explanation of Why US Oil Prices Dropped Below Zero?Its important to know Oil is traded on its future price.The move in crude oil futures has to do wit
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