Singapore EverydayOnSales News
  • Home
  • Entertainment
  • Event
  • LifeStyle
  • News
  • Sales Selection
    • > Sales Happening Now
    • > This Week Sales
    • > Upcoming Sales
  • Latest Sales
  • Advertise Here
  • > Sales Happening Now
  • > This Week Sales
  • > Upcoming Sales
  • ★ Warehouse Sale
  • Advertise Here
Singapore EverydayOnSales News
  • Home
  • Entertainment
  • Event
  • LifeStyle
  • News
  • Sales Selection
    • > Sales Happening Now
    • > This Week Sales
    • > Upcoming Sales
  • Latest Sales
  • Advertise Here

Wow! Oil Price Crash Below $0 Due Amid Covid-19? They Want To Pay You To Take The Oil Away!

by Brian Chan April 21, 2020

For the first time ever in history , US oil prices crash into negative territory as country struggles with coronavirus. Yes you are reading it right! It’s negative. They are paying you to take the oil away!

Yesterday past midnight (GMT+8) on Tuesday (21 Apr), oil barrels traded for crazy prices of under US$0/barrel, as demand waned despite President Trump’s attempt to barter a new deal with OPEC.

As prices continued to plummet, the lowest recorded figure was -US$37.63/barrel (S$53.48/barrel), reports CNN. People are paying you $53.48/barrel to take them away!

So if you’re wondering, why the oil price suddenly drop? With the lockdown in US, travel is limited and more and more people stay home. With this the demand for oil is reduced. And due demand shortage,  the oil storage companies have no space (& limited resources) to store oil, hence they are willing to pay someone else to take it from them.

This Covid-19 pandemic has really brought a new horizon where this is unprecedented and nobody have seen this before.

Follow us on Telegram for the latest updates on Community News in Singapore: https://t.me/EverydayOnSalesSG

Covid-19
previous post
Treat The Delivery People With Respect! Don’t Disrespect Them & Treat Them Bad – Image & Video Inside
next post
Ever Wonder Why McDonald’s Suddenly Closing Down in Singapore? Reason is Inside!

Related Post

Customer Service Win: Canton Paradise in Singapore Waives...

The Jewel Changi Airport, which will reopen on...

Subway Sandwich Vending Machine in Tampines West Community...

5-6 March 2024: Alert: Meta Platforms Facebook, Instagram,...

Singapore’s Spectacle Legal Limelight: Han Feizi’s Courtroom Confessions

Singapore Balcony Chaos: Woman’s Mental Health Episode Shakes...

Customer Service Win: Canton Paradise in Singapore Waives...

The Jewel Changi Airport, which will reopen on...

Subway Sandwich Vending Machine in Tampines West Community...

5-6 March 2024: Alert: Meta Platforms Facebook, Instagram,...

Singapore’s Spectacle Legal Limelight: Han Feizi’s Courtroom Confessions

Singapore Balcony Chaos: Woman’s Mental Health Episode Shakes...

Popular News

  • 1

    3 Easy Steps for you to Clean off Dust From Your Standing Fan Type

  • 2

    Music Option is Finally Available at Your Favourite Instagram App in Singapore

  • 3

    14 Mosque Open For Solemnization Of Marriages

  • 4

    Top Spots To Satisfy Your Rosti Cravings in Singapore

  • 5

    The Rink and Kallang Ice World Where You Can Enjoy Ice Skating Here In Singapore

  • 6

    Enjoy this 8 Staycation With Halal Breakfast

  • 7

    Starbucks is offering you a FREE Drink! Here’s How to grab yours From 14-20 June 2021

  • 8

    Cheaper Deal Before Shop Closing time Where You can Enjoy up to 50% off

  • 9

    Ben Yeo Opens Another F&B concept Of Izakaya in Kallang During Phase 2

  • 10

    On July 6, FREE McDonald’s Chicken McCrispy Drumstick Plushie & T-Shirt will be Given Away

  • Facebook
  • Twitter
  • Instagram
  • Email
  • Telegram
  • Terms of Service
  • Privacy Policy
  • Advertise with EverydayOnSales

© Copyright 2009 - 2025 Singapore Everyday On Sales. All Right Reserved.