Oil boom may be the industry’s last hurrah

9 May 2021

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)

Big oil companies have reported better-than-expected results for the first quarter of 2021. This comes after last year’s unprecedented collapse in demand, triggered by pandemic lockdowns around the world.

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Sarah Smit

Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.

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Oil boom may be the industry’s last hurrah

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