{"id":16958,"date":"2020-04-22T16:42:35","date_gmt":"2020-04-22T08:42:35","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=16958"},"modified":"2026-01-09T16:17:14","modified_gmt":"2026-01-09T08:17:14","slug":"oil-prices-have-crashed-a-time-of-volatility-uncertainty","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/oil-prices-have-crashed-a-time-of-volatility-uncertainty\/","title":{"rendered":"Oil prices have crashed – a time of volatility & uncertainty?"},"content":{"rendered":"\n

By Shan Saeed, Chief Economist of IQI Global<\/strong><\/span><\/p>\n

US oil prices have crashed to unprecedented lows, resulting to many plans ending in negative territory for the first time amid a devastating supply glut that has forced traders to pay others to take the crude off their hands.<\/p>\n

Thus resulting in many bankruptcies in the United States, starting with many shale gas companies reeling under these dark times. <\/p>\n

Ever since September of 2019, the demand for oil began collapsing – before the arrival of the pandemic knows as COVID-19.<\/p>\n

With a low demand, there is no need to sell it at a high price – simple logic.<\/strong><\/p>\n

But what is the impact of the dwindling US oil prices will have on the world market?<\/p>\n

For many shale gas companies in the US, they will greatly suffer from bankruptcies amounting to over USD 500 Billion to USD 1 Trillion, not excluding the banks will suffer too from this outlook, as they need to remove the loans given to shale gas companies from their records.<\/p>\n

This domino effect will not only give rise to bankruptcies, but it will also lead to layoffs, the dwindling bond markets and energy market – thus creating increased pressure on the financial markets. <\/p>\n

But what does it mean when oil prices hit negative?<\/strong><\/p>\n

For those who are interested to sell a barrel would have to pay a buyer USD 30 – with future contacts that require buyers to take possession of oil in May 2020 expiring soon. The result, no one wants the oil due to storage and its fruitlessness.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

By Shan Saeed, Chief Economist of IQI Global US oil prices have crashed to unprecedented lows, resulting to many plans ending in negative territory for the first time amid a devastating supply glut that has forced traders to pay others to take the crude off their hands. Thus resulting in many bankruptcies in the United…<\/p>\n","protected":false},"author":92,"featured_media":16960,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"footnotes":""},"categories":[220],"tags":[373],"class_list":["post-16958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-covid-19"],"yoast_head":"\nOil prices have crashed - a time of volatility & uncertainty?<\/title>\n<meta name=\"description\" content=\"US oil prices have crashed to unprecedented lows, resulting to many plans ending in negative territory for the first time amid a devastating supply glut.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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