A looming glut of unwanted oil will force producers to shut down wells, slash spending, and fire workers
12:59pm PDT - March 30th, 2020 world on fire - Business InsiderThe 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 …