Oil Prices Nosedive
Prices of benchmark United States crude turned negative on 22nd April, dropping as low as -$40.32 per barrel before settling in the negative thirties. Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on Iraqi troops following their invasion of Kuwait.
Why are Oil Prices Crashing?
- Competition between Oil Leaders: To a great extent, oil markets, globally and more so in the US, are facing an enormous glut. Historically, the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, which is the largest exporter of crude oil in the ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Greening India’s MSMEs: A Roadmap for Clean Industrial Transition
- 2 Renewables as an Employment Engine: India’s Opportunities and Risks
- 3 Global Water Bankruptcy: Living Beyond Our Hydrological Means
- 4 Robust Groundwater Governance: Anchoring India’s Water Security
- 5 Citizen-Centric Healthcare: Pathway to Universal Health Coverage in India
- 6 Reshaping India’s Juvenile Justice Framework
- 7 Biomaterials: Leveraging Eco-friendly Alternatives for a Low-Carbon Economy
- 8 Strategic Autonomy and the UN Charter: Navigating the Venezuela and Greenland Crises
- 9 India-EU Free Trade Agreement: A Strategic Bet on Trade, Talent and Supply Chains
- 10 Urban Wastewater Management: A Crisis and a Call for Reform
