20/04/20 – US Oil Prices went negative for First Time in History. What does it mean to the Global Economy and the Renewables Market?
Linked both to COVID-19 spreading and to the already existing tensions between oil-exporting countries, the price for May’s West Texas Intermediate (WTI) futures fell to -37.63$. In other words, owners of “futures” contracts of American Crude Oil paid up to 37$ to get rid of their own stocks. With an in-depth introduction to explain the […]