The global oil industry has been scrambling for a solution to the dramatic oil price crash and enduring global crude glut from last month. As the novel coronavirus swept the globe over the past few months, shutting down countless industrial endeavors, the devastating economic impact tanked international oil demand and overall energy use. When the OPEC+ leading members of Russia and Saudi Arabia began talks to determine how to respond to the faltering oil demand, the alliance quickly disintegrated, leading to an all-out oil price war and a global…
