oil glut

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SUVs get parked in the ocean, reveal scope of U.S. auto glut
www.bloomberg.com

SUVs get parked in the ocean, reveal scope of U.S. auto glut

The length of almost two football fields, the cargo ship Jupiter Spirit arrived in Los Angeles’ harbor on April 24 after an almost three-week journey from Japan, ready to unload its cargo of about 2,000 Nissan Armada SUVs, Rogue crossovers and Infiniti sedans in a quick, half-day operation.
Oil prices go negative — and Washington is paralyzed over what to do
www.politico.com

Oil prices go negative — and Washington is paralyzed over what to do

Reports that the Trump administration was considering paying oil companies not to pump oil have not comforted oil executives.
Oil glut on coronavirus may sink Trump's 2020 message of 'energy dominance'
www.washingtonpost.com

Oil glut on coronavirus may sink Trump's 2020 message of 'energy dominance'

The president is trying to convince voters in oil-producing Colorado, Pennsylvania and Texas he is the best man for the job.
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