April 2020

Negative oil Prices

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Executive Summary

  1. Oil prices turned negative for the first time in history on April 21, 2020
  2. The West Texas Intermediate (WTI) crude for May delivery fell more than 100% to end the day at negative $37.63/barrel, meaning producers would pay traders to take the oil off their hands.
  3. The drastic price plunge was due to a combination of plummeting demand, lack of storage capacity in the US and more importantly the nature of the oil futures markets

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  • نزود العملاء بمعلومات وآراء في مجالات لا تزال غير مستكشفة بهدف تزويدهم بالمعلومات اللازمة لاتخاذ قرارات استراتيجية مدروسة.
  • Our offerings marries the challenges of cost, time, scope & data availability to generate actionable outcomes that are specific to our clients’ needs.

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الاستفسارات الشائعة

Executive Summary

  1. Oil prices turned negative for the first time in history on April 21, 2020
  2. The West Texas Intermediate (WTI) crude for May delivery fell more than 100% to end the day at negative $37.63/barrel, meaning producers would pay traders to take the oil off their hands.
  3. The drastic price plunge was due to a combination of plummeting demand, lack of storage capacity in the US and more importantly the nature of the oil futures markets

Table of Content

Key Questions Addressed in this report

This report can add value to

Customize this report

Why Custom Research?

  • Research and intelligence to suit your business requirements
  • Informed decision making

What are Benefits of Customization?

  • To-the-point, long or short research reports could be requested
  • Reports are exclusively prepared for you

Customize this report

You Ask We Deliver

  • Over a decade Marmore has successfully navigated this space of customized research to serve its clients and cater to their unique requirements.
  • Our customized research support spans sector research, equity and credit investment notes, modelling, valuation, investment screening, periodical etc.
  • نزود العملاء بمعلومات وآراء في مجالات لا تزال غير مستكشفة بهدف تزويدهم بالمعلومات اللازمة لاتخاذ قرارات استراتيجية مدروسة.
  • Our offerings marries the challenges of cost, time, scope & data availability to generate actionable outcomes that are specific to our clients’ needs.

Learn more


الاستفسارات الشائعة

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