Topic Dossier
West Texas Gas Prices Plunge into Negative Territory
First article: 21 mar. 2026, 20:02
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Last update: 21 mar. 2026, 20:02
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1 source
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1 article
Multiple sources. Less manipulation.
Editorial Analysis
Based on 1 source, 1 article
The price of West Texas Intermediate (WTI) crude oil, the US benchmark, experienced a rare dip into negative territory. This means that producers were effectively paying buyers to take the oil off their hands. This situation arose due to a combination of factors, including a glut in supply caused by reduced demand during the COVID-19 pandemic and limited storage capacity in the West Texas region.Articles about this topic
Foto: Bloomberg
Negative West Texas Gas Prices Reveal Mismatch in Global Energy
A dislocation in global energy supplies means that even as buyers in some parts of the world are desperate to secure gas, there’s so much extra production in Texas that producers are burning it off as quickly as they’re allowed.
Read on Bloomberg →