Darkest of times for the oil industry

Even with Saudi Arabia pledging support, Monday's catastrophic price crash looks likely to have crushing consequences

Storage squeeze: the remaining 21 million barrels of storage at the Cushing oil hub are essentially booked through mid-May, analysts said.
Storage squeeze: the remaining 21 million barrels of storage at the Cushing oil hub are essentially booked through mid-May, analysts said.Photo: REUTERS/SCANPIX
Published 22 April 2020, 17:07Updated 22 April 2020, 17:13