A pump jack from Signal Hill Petroleum is seen in California in October. Photo: AFP

Oil prices go negative – and Washington is paralysed over what to do

  • Reports that Trump administration was considering paying companies not to pump oil have not comforted oil executives
  • One CEO warns that ‘tidal wave of bankruptcies’ is about to hit sector
Topic |   Energy
A pump jack from Signal Hill Petroleum is seen in California in October. Photo: AFP
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