Oil price is collapsing lmao

[Glass]

https://twitter.com/x/status/1252279031669686272

 

[Glass]

https://twitter.com/x/status/1252279584432717826

 

[Clutch]

Perhaps OPEC can Pakistan to take the excess oil... Store it.. somehow anywhere.. help Pakistan energy crunch once the corona demand destruction is over.

 

[El Sidd]

Best time to industrialize or war.

 

[Glass]

Canadian oil trading in negative zone wtf

https://twitter.com/x/status/1252280464733331459

 

[PakFactor]

Perhaps OPEC can Pakistan to take the excess oil... Store it.. somehow anywhere.. help Pakistan energy crunch once the corona demand destruction is over.

If only our useless governments in the past built storage facilities we could have loaded up on this cheap oil like U.S. has done.

Canadian oil trading in negative zone wtf

https://twitter.com/x/status/1252280464733331459

How the hell you trade negative? lol

 

[CIA Mole]

it will converge to $2 physical price tomorrow.

Hope American oil gets completely destroyed.

The Russians and Saudis need to keep it up.

 

[PakFactor]

it will converge to $2 physical price tomorrow.

Hope American oil gets completely destroyed.

The Russians and Saudis need to keep it up.

One of my gas station clients is selling unleaded for .88 cents lol

 

[Prince Kassad]

Only spot price is collapsing, crude may futures still remains around $22

 

[Mujahid Memon]

Canadian oil trading in negative zone wtf

https://twitter.com/x/status/1252280464733331459

Maybe they'll pay you to take their oil

 

[hussain0216]

This will hurt everyone except consumers of course so for countries like Pakistan, india, China etc it's great


For producers this could be devastating

For Saudi who can produce oil at a much cheaper rate this isn't as bad as it is for U.S oil or Canadian oil which produces at much higher costs and needs oil to sell at much higher costs in order to make a profit

Again if Pakistan had some foresight and oil storage facilities this was the time to fill up


But again wonderful performance by Pmln and PPP who were worthless as always but even military should have had more foresight

 

[Prince Kassad]

What is Iran's production rate?

 

[AZ1]

Perhaps OPEC can Pakistan to take the excess oil... Store it.. somehow anywhere.. help Pakistan energy crunch once the corona demand destruction is over.

Store where i think pakistan has only 20-30 days storage capacity

 

[Glass]

https://twitter.com/x/status/1252287537353293824

 

[Clutch]

Store where i think pakistan has only 20-30 days storage capacity

Pakistan could have solution mined Subsurface salt caverns.