Oil price crashes; falls below $0.

Storage capacity has run out due to significant drop in global consumption.

Oil price crashes; falls below $0. | BEAMSTART News

- From our Sponsors -

US oil prices have plunged, falling to a record low earlier today.

At one point, oil prices fell below $0 a barrel (-$-1.43), the lowest level since NYMEX opened oil futures trading in 1983.

- Featured Sponsor -

Just last Friday, oil prices were trading at around $20 a barrel.

Consumption of oil has fallen due to nationwide shut-downs across the globe.

The demand for oil has plummeted significantly ever since the global health situation started, grinding economies and movement to a halt.

Nationwide shut-downs have resulted in minimal consumption for oil, resulting in a massive oversupply around the world.

Although efforts were put in to correct the price collapse by slashing output of over 9.7 million barrels per day, the outcome was still irreversible.

- From our Sponsors -

Latest Jobs

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital


Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

Operations Executive



Full Time

SGD 2800 — SGD 3500 monthly

Site Reliability Engineer



Full Time

SGD 2000 — SGD 3500 monthly

Live Streaming Operator


Tangerang, Indonesia

Full Time

SGD 800 — SGD 1100 monthly

Mobile Developer


Jakarta, Indonesia

Full Time

SGD 1000 — SGD 1100 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).