FRO - Oil Prices Won't Go Negative An Analysis Of Crude Storage Capability
As investors reach their point of maximum panic, new articles are published about bearish oil price scenarios daily. One of the ones that caught my eye was a discussion about potential negative oil prices. The logic was something around the terms that COVID-19 would cause a massive decline in demand, production couldn't decline fast enough, worldwide storage would get overwhelmed, oil prices would drop to $0.
Interestingly enough, the same articles circled around in 2015, and analyst concerns that the worst isn't over have made it onto Seeking Alpha recently. However, as