Oil prices crash to $10 per barrel for first time in 21st century

[COLOR=rgb(184, 49, 47)][SIZE=5]1 Oil Barrel = 158.9 Litres =$10= Ksh 7 per Litre@ KES106 exchange rate[/SIZE]

A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.
US benchmark, West Texas Intermediate, has fallen to the $10 range as global economies remain on lockdown due to the Covid-19 pandemic, crushing crude demand. To add insult to injury, global oil storage is reaching its limits. The situation is so dire, in fact, that the Department of Energy is even considering paying domestic oil producers to keep crude in the ground.

Karma is a bitch.

Trump is fucked.

We were supposed to be an oil producer, right? May be it’s not too late.
We can buy the crude, bury it in Turkana and start drilling it all over again. Voilà!

Its now trading in the negative. Ships approaching the coastline have oil while refineries do not need it.


I feel for nigerians and south sudan who depend on oil to power their economies. Woooiii

Trump has said he’ll add tarrifs in order to protect American shale companies.


Maize stock fire, many companies and people can’t pay their bills after a month of lockdown ,by end month things will go back to normal.