Tag Archives: oil crisis

Breaking News: Oil Prices Crash to Negative Values, Explained

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Oil prices seem to have bottomed out as countries run out of places to store it. With demand bottoming out and a continuing increase in supply, here is exactly what’s happening in the markets.

Breaking News: OPEC Deal Ends the 2020 Oil Crisis; Mexico, Russia, and Saudi Arabia’s Deal Explained

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A dramatic set of meetings starting Thursday and ending Sunday ended the oil conflict between Saudi Arabia and Russia. This debate included several twists and turns including a dramatic refusal by Mexico to implement the requested cuts. This is exactly what was just agreed to and the debate to get to those terms.

Russia and Saudi Arabia’s OPEC Oil Price War Explained

After a failed OPEC meeting designed to limit supplies in response to shrinking demand, oil prices have hit new lows. So, what the heck happened?