NESA Professor Dr. Gawdat Bahgat writes about the plummeting price of oil which, on April 20th, fell into negative territory for the first time in history. Sellers paid customers to take unwanted oil, highlighting the industry’s disarray and raising several important questions: why this extreme volatility? How will the United States respond as the world’s largest producer and largest consumer of oil? How will this crisis impact the six Gulf Cooperation Council states? Read more here.
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