/ 9 May 2021

Oil boom may be the industry’s last hurrah

Oil Prices Trade In Negative Numbers For First Time Amid Global Oil Glut
Rollercoaster: Pumpjacks in the South Belridge oil field in California. Oil prices cratered with the spread of Covid-19 and are now seeing a resurgence, but not quite to the levels of 2019. (David McNew/Getty Images)
Biggest players in the game show signs of recovery but a low-carbon future may threaten fossil fuel

This content is restricted to subscribers only.

Join the M&G Community

Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.

Subscription enables:

  • - M&G community membership
  • - independent journalism
  • - access to all premium articles & features
  • - a digital version of the weekly newspaper
  • - invites to subscriber-only events
  • - the opportunity to test new online features first

Already a subscriber?