Trafigura sees many casualties of oil price crash
Trafigura is predicting more consolidation in the oil industry as prices hit rock bottom. Chief economist Saad Rahim says that until our economies are back on track, oil will remain cheap and many smaller producers won’t survive. In the meantime, negative prices have opened up previously uneconomical storage solutions for the industry.
This article was originally published by CNN Money Switzerland on the 21 April 2020
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