Month: April 2020

An oil rig stands against the setting sun in Midland, Texas on Friday, April 17, 2020. (Odessa American/Eli Hartman)

CATHY BUSSEWITZ – Associated Press – April 20, 2020, 9:19 PM EDT

NEW YORK (AP) — The world is awash in oil, there’s little demand for it and we’re running out of places to put it.

That in a nutshell explains Monday’s strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month.

The price of U.S. benchmark crude that would be delivered in May was selling for around $15 a barrel Monday morning, but fell as low as -$40 per barrel during the day. It was the first time that the price on a futures contract for oil has gone negative, analysts say.

“It’s the worst oil price in history, which shouldn’t surprise us, because it’s the inevitable result of the biggest supply and demand disparity in history,” said Ryan Sitton, commissioner at the Texas Railroad Commission, which regulates the state’s oil industry.

Careers that may closely match skill-sets within the Oil and Gas Industry

Use this interactive Solar Career Map to explore 40 Job classifications across 4 industry sectors, and identify more than 60 routes to advancement between them. Additional opportunities for progress and promotion can be found within any given occupation on the map, and multi-sector pathways reinforce the idea of lifelong learning and the natural evolution of skills and interests.

Designed to demonstrate the breadth of the industry and its critical occupations, as well as the necessity for integrated solar training in a variety of related fields, the Solar Career Map emerged from a simple vision: High-quality work and high-quality jobs are critical to building a robust, high-quality solar industry. This value proposition suggests that excellence is both possible and necessary across a broad spectrum of solar careers. The map describes how to get there.