Negative oil prices are not the new normal

A lack of customers and storage capacities led to oil futures being sold this week for negative prices. But, says Francis Perrin, senior research fellow at the French Institute for International and Strategic Affairs (IRIS), the situation is not representative of oil trends today, and will not become a norm.

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In This Story: France

France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

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