The Turbulent Oil Market: Lessons from the Collapse

This chapter explores the dramatic oil price collapse on April 20th, where contracts plummeted to negative values amid a unique market crisis. It highlights the implications for traders and producers, emphasizing the balance between Saudi Arabia's oil dependence and the need for economic diversification. The discussion further addresses the future of the oil industry, intertwining demand recovery, renewable energy investment, and the sociopolitical challenges faced by the fracking sector.