Crude production cuts in the US too slow to support the price as storage runs out by mid-May

Crude Production Cuts in the US Too Slow to Support the Price as Storage Runs Out by Mid-May

RMI Supply

Following the historic fall of the West Texas Intermediate (WTI) futures price for May delivery into negative territory, going as low as negative US$37.6 per barrel; Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “WTI is…

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