Business Extra: what do negative oil prices mean and how is Abu Dhabi coping with Covid-19
The chief executive of Qamar Energy (and The National's energy columnist) explains why prices for a key US oil contract dropped below zero
For the first time in history this week, the US oil price turned negative on Monday, plunging below zero as output exceeded storage capacity and demand falls to new lows as the coronavirus pandemic grinds the world economy to a halt. What does this mean and where do energy producers go from here?
Mustafa Alrawi, assistant editor in chief, and future editor Kelsey Warner are joined by The National’s energy columnist and chief executive of Qamar Energy, Robin Mills, to discuss the market. Later in the episode, the chief executive of Draper & Dash, Orlando Agrippa, talks about helping Abu Dhabi with its Covid-19 response through its AI platform, and what the next six weeks could be like for the emirate.
In this episode:
Robin Mills on the negative oil prices (0m 34s)
How is Abu Dhabi responding to Covid-19? (11m 58s)
Headlines (17m 05s)
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Updated: April 23, 2020 10:49 AM