A looming glut of unwanted oil will force producers to shut down wells, slash spending, and fire workers

Business Insider

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· The coronavirus pandemic is evaporating global demand for oil at a historic pace. This week, it will be down an estimated 26 million barrels per day — or about a quarter of the total demand last year. 
· Meanwhile, supply is ramping up at an equally astonishing pace, as top oil-producing nations are expected to flood the...

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