Wow, "bitter" doesn't begin to describe some people, likely a reason you're gone.
6 replies (most recent on top)
Blue popsicle song is getting old. For the one that wrote that since you understand so well the company and have good foresight you can then share some valuable information. That will be useful for everyone.
The useless people that continue to keep their jobs are entitled, protected and related to someone. It’s a total disgrace to the industry to let them keep their jobs!
The spot price has nothing to do with the amount of supply or the amount of buyers. You must be a special kind of stupid or one of Schlumbertron's cheerleaders. I can see why Schlumberger has made a special mess of their business. Back to writing heartfelt thanks on your homepage articles for you.
Spot price at pushing and never was a real price which makes your post deceptive and worthless. .
Oil is up $80 in seven weeks. The remarkable recovery could be too good to be true
By Matt Egan, CNN Business Updated 1:21 PM ET, Tue June 9, 2022
US oil prices fall below zero for the first time ever
New York (CNN Business)The oil market has rapidly recovered from its darkest day ever.
US crude topped $40 a barrel this week. That wouldn't typically be notable – but right now, that marks an $80 leap from its unprecedented trip below zero just seven weeks ago, when it hit a low of -$40.32 a barrel on April 20. Meanwhile Brent crude, the world benchmark, has more than doubled since mid-April.
The remarkable oil recovery is being driven by hopes of a sharp rebound in the world economy from the coronavirus pandemic that crushed demand for gasoline, jet fuel and diesel.
The oil comeback also reflects enthusiasm for record-setting production cuts by OPEC, Russia and their allies, plus the sharp pullback in output from the United States, the world's leading producer.
Yet there are rising concerns that the rally in the oil patch is too good to be true. The glut of unneeded barrels hasn't gone away. Even the biggest oil bulls don't see demand returning to pre-pandemic levels anytime soon. And the threat of a second wave of coronavirus infections looms large.