Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse
An oil pumping jack, also known as a ‘nodding donkey,’ operates in an oil field near Samara, Russia. (Photographer: Andrey Rudakov/Bloomberg)  

Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse

(Bloomberg) -- As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still.
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