When oil became waste: a week of turmoil for crude, and more pain to come

MOSCOW (MRC) -- The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below USD10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus USD38 a barrel, as per Hydrocarbonprocessing.In just a few months, the coronavirus pandemic has destroyed so much fuel demand a

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