at $20.39 per barrel on Monday morning London time, their lowest levels in nearly two decades.
A drilling crew secures a stand of drill pipe into the mouse hole on a drilling rig near Midland, Texas February 12, 2019.But the impact of the price war still pales in comparison to the sheer evisceration of demand brought on by a forced economic shutdown in most of the world in an effort to slow the spread of the coronavirus, which has now killed more than 34,000 people and infected more than 730,000.
"I think it's almost a guarantee that this year it will certainly lose that position," Edward Bell, commodities analyst at Dubai-based bank Emirates NBD, told CNBC regarding the U.S.'s top spot. "And it might happen probably a lot faster than we anticipate."
👏BRAVO!👏SaudiArabia & Russia!👏 As A 'Lower Gas-At-The-Pump' Price Is a Godsend For 'We The People...' & Businesses RIGHT NOW & In The Foreseeable Future To HELP Get Thru This HORRIBLE CoronavirusPandemic & a BOON For The Coming GlobalEconomicRebound! Brent WTI OOTT
MAGA
Backstorymom1 So much winning
You are the enemy of we the people. I havent seen one pro America, solution based article.
Being 1 in destroying the climate isn’t something to be proud of. Stop extracting oil!
Fracking has a higher break even than Saudi oil. Price war between Saudi and Russians financially can not last long. Short term situation.
Yes we do.
Funny how you guys hated when US became top producer and now you are throwing back on the US face because they are not. Hate
KarlMarxJunior Yo what's your take on this?
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