Demand drop of 30mbpd. Trying to cut 10mbpd. At the current pace of oversupply every oil tank, pipeline, supertanker and bathtub will be full by mid to late May. If that happens, oil prices could go negative.
no cartel control resulting in huge oversupply into a market with no demand and when all storage is full to capacity WTI becomes worthless, so somethings gotta give