The back story of what led to oil prices turning negative.

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  • Опубликовано: 27 сен 2024
  • While oil prices may well have fallen dramatically during the worldwide lock down anyway, they were helped on their downward journey by two stubborn entities. #oil #oilcrash #oilprices #crudeoil
    Twitter: @bisboworld
    Sources
    Time
    Russia and Saudi Arabia’s battle royal over oil price; Ian Bremmer; Mar 30, 2020
    New York Times
    How Aramco’s Huge I.P.O. Fell Short of Saudi Prince’s Wish, Kate Kelly and Stanley Reed, Dec. 6, 2019
    How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy, Stanley Reed, March 9, 2020
    OPEC Proposes a Large Cut in Oil Output, Stanley Reed, March 5, 2020
    Saudi Arabia’s Crown Prince Had Been Lying Low. That’s Over, David D. Kirkpatrick
    March 9, 2020
    Behind the Russia-Saudi Breakup, Calculations and Miscalculations, Andrew Higgins and Andrew E. Kramer, March 10, 2020
    Oil Nations, Prodded by Trump, Reach Deal to Slash Production, April 14, 2020
    Too Much Oil: How a Barrel Came to Be Worth Less Than Nothing, Stanley Reed, April 20, 2020
    Reuters
    U.S. to become net petroleum exporter in 2020: EIA, Devika Krishna Kumar, December 10, 2019
    India may top up strategic tanks with Saudi, UAE oil, Nidhi Verma, March 17, 2020
    India plans to fill strategic oil storage by the third week of May, April 14, 2020
    Live Mint
    Why consumers won’t gain from cheap oil, Vivek Kaul, 12 Mar 2020
    Times of India
    In 3 weeks, economic loss from lockdown at ₹4.8L cr, says IIT-B; Hemali.Chhapia; Apr 17, 2020
    Exports dive 35%, biggest monthly drop since 1991; Apr 16, 2020
    Associated Press
    Oil prices shoot up as attack on Saudi facility disrupts output, September 17, 2019
    www.americange...

Комментарии • 210

  • @bajay665544
    @bajay665544 4 года назад +89

    I always surprise by this channel's output...be it their conceptualization...be it their animation...be it their engaging narration....be it quality of production... everything....hatsoff to the team...Bisbo is always the best....and we wish many more topics and videos from you!!...btw this video is also classic

    • @BisboWorld
      @BisboWorld  4 года назад +6

      Wow thanks Ajay

    • @PremSingh-mw2oj
      @PremSingh-mw2oj 3 года назад

      Bro can I translet yo video in Hindi if u don't mind

  • @Vatsalya17
    @Vatsalya17 4 года назад +76

    Not gonna lie. Bisbo's production quality has ìmproved a lot.

    • @BisboWorld
      @BisboWorld  4 года назад +1

      Thanks Vatsalya

    • @Vatsalya17
      @Vatsalya17 4 года назад

      @@BisboWorld 😊👍🏻 keep it up guys

  • @utuberme1
    @utuberme1 4 года назад +70

    No other channel simplifies complex international topics like you Bisbo, and brilliantly explained too.

    • @BisboWorld
      @BisboWorld  4 года назад +5

      Wow, thanks SMS

    • @poomuruganc7775
      @poomuruganc7775 4 года назад +1

      Keep it up Bisbo 👌🏻

    • @AnIndianPatriot
      @AnIndianPatriot 4 года назад

      No hate man but sorry to say there are many like Simple History, Oversimplified and Yarnhub. But no matter what they are really seemed to be improving!👍

  • @danielshaikhali5108
    @danielshaikhali5108 4 года назад +28

    One of the best channels out there

  • @akashsrinivas6387
    @akashsrinivas6387 4 года назад +8

    I've been a fan of Bisbo for couple of years now but recently I've started thinking that the quality of the video content is dropping and not covering all the facts. This video is awesome, clearly explained everything. Keep it up guys!

    • @BisboWorld
      @BisboWorld  4 года назад +1

      Thanks Akash. Your high expectations help keep us on our toes.

  • @covid-19ultrapromax25
    @covid-19ultrapromax25 4 года назад +7

    While Pakistan has reduced Petrol Prices by Rs 10 , and Diesel By Rs. 15 Indian Govt. has shamelessly increased the oil price, (Remember that Jumla : "Bahot Huyi petrol par war , abki bar @#$% Sarkar") Shame on our Govt.

    • @acerrulz1053
      @acerrulz1053 4 года назад +2

      Plz Do Not Reply how do you reckon the govt is going compensate the huge deficit induced by country wide lockdown? Low oil prices is going to help the economy. By the way, india does not care what Pakistan does there.. its not like their economy is shining.

    • @maazins5875
      @maazins5875 4 года назад +1

      @@acerrulz1053 our economy isn't exactly shining too.

  • @bardock2237
    @bardock2237 4 года назад +4

    Amazing channel. Beautiful story reporting. Good to see it grow.

  • @srinathnarayanan6267
    @srinathnarayanan6267 4 года назад +1

    One of the best videos that I’ve watched on RUclips on this topic! Thanks and continue your great work

  • @sadi_zeesan
    @sadi_zeesan 4 года назад +4

    Many of us from Bangladesh became your fan nowadays!

  • @priyankanair9162
    @priyankanair9162 4 года назад +1

    when you get this type of content , nobody can't control himself/herself from subscribing the button. I'm compelled to do so. what a content!

  • @Guha10
    @Guha10 4 года назад +1

    binge watching your channel during lock down. And it is a great way to get insight on relevant topics!

  • @akdrudl
    @akdrudl 4 года назад +3

    A complicated story explained at ease! Excellent quality as always! You could have included ETFs impact here, which tipped WTI out.

  • @ganeshparthiban
    @ganeshparthiban 4 года назад +10

    It says Putin is Russian prime minister but isn’t he the president of Russia ?

    • @BisboWorld
      @BisboWorld  4 года назад +3

      True

    • @SandeepKumar-pe7sd
      @SandeepKumar-pe7sd 4 года назад +1

      Putin keeps switching from president to prime minister and repeat in every election

  • @ashum6612
    @ashum6612 4 года назад

    I'm pursuing economics hons... And am continuously using your videos.... Hey that copyright free I guess🤣.... Thank you for all the information... Few minutes and very fine details... This channel is the best as far... According to the time and information ratios... Animation keeps interest intact and pictographic views keep information intact.

  • @FreeThougghts5862
    @FreeThougghts5862 4 года назад +1

    Bisbo your videos are awesome and waiting for more

  • @antonygeorge5003
    @antonygeorge5003 4 года назад

    Bisbo, you are the best 👍

  • @abhimanyuinjeti5326
    @abhimanyuinjeti5326 4 года назад +2

    You guys are great! Waiting for further content from You.

  • @sangaytenzinPhysics101
    @sangaytenzinPhysics101 4 года назад +1

    Excellent explanation of a complex situation.

    • @BisboWorld
      @BisboWorld  4 года назад

      Glad it was helpful! Thanks Sangay

  • @kuladeepk1255
    @kuladeepk1255 4 года назад +2

    Crisp and clear.. ♥️

    • @BisboWorld
      @BisboWorld  4 года назад +1

      Thank you so much 😀

    • @kuladeepk1255
      @kuladeepk1255 4 года назад

      @@BisboWorld Bro, as I already asked could you please do a video on dot com boom!!

  • @ChandraVyasaraju
    @ChandraVyasaraju 4 года назад +1

    what a way to analyse things..excellant

    • @BisboWorld
      @BisboWorld  4 года назад

      Glad you liked it Chandra

  • @ajaygalagali5963
    @ajaygalagali5963 4 года назад +1

    You guys do great content.

  • @aniruddhronaldo
    @aniruddhronaldo 4 года назад

    Guys I follow a lot of youtube channels like Visual Politik, Vice News, Vox, Kurzgesagt, PBS and a lot more and I really appreciate an Indian channel to bring out really informative and ground-breaking facts about events and people of India to youtube. KUDOS for that..!! Great going and please if possible try making a detailed video about the VYAPAM Exam Scandal of MP since the whole information is dispersed and its been going for more than a decade with its first roots seen in 2007.

  • @GadgetKingOfficial
    @GadgetKingOfficial 4 года назад +2

    Then my question is why Indian gov. has increased the price of petrol ?

    • @manistersaheb1332
      @manistersaheb1332 4 года назад

      To get revenue to carryon walfare program and salary of govt. Employees

    • @dasharathrao
      @dasharathrao 4 года назад

      @@manistersaheb1332 Absolutely redicules Indian Gov is already saving from reduction in crude oil as shown in the video, it was unnecessary to increase the price.

    • @jayamerchant
      @jayamerchant 4 года назад

      The government has entirely absorbed the crude oil price decline into taxes so pump prices are largely the same. This is 100pc the right thing to do as there are better things for the government to spend money on today than middle class Indians hondas

  • @tapinaldo3010
    @tapinaldo3010 4 года назад

    RUclips deserves more channels like this

  • @vinayhp99
    @vinayhp99 4 года назад +1

    fantastic channel, with accurate statistics

    • @BisboWorld
      @BisboWorld  4 года назад

      Thanks Vinay. Yes we take pains to pack in as much info as possible

    • @vinayhp99
      @vinayhp99 4 года назад

      Please make animated videos of the corporate scenes as they come into foreplay.

  • @munimanikantaroyalkalahast8539
    @munimanikantaroyalkalahast8539 3 года назад

    Amazing channel ever seen in RUclips
    Hatsoff bisbo

  • @anandatheertansrinivasan49
    @anandatheertansrinivasan49 4 года назад

    Oil in Turmoil. Wonderfully expressed team Bisbo!

  • @ishaanvirani3640
    @ishaanvirani3640 4 года назад +12

    No views 6 comments, RUclips is crazy

    • @ChJeevan
      @ChJeevan 4 года назад +2

      No it's drunk

  • @awakenthedawn-seaglasswors6739
    @awakenthedawn-seaglasswors6739 4 года назад

    So Good and creative . Hats off Guys . I understood and learnt 70% in clarity of these issues watching your videos.

  • @aakarshankhatri
    @aakarshankhatri 4 года назад

    Very impressive, kudos to your massive efforts in making every single video. Thanks a lot, it really helps in gaining an effortless overview on given issues👍

  • @navdeepsinghgill4973
    @navdeepsinghgill4973 4 года назад +2

    Keep on going bro best channel I found.😁

  • @sanathjayasuriya6052
    @sanathjayasuriya6052 4 года назад +1

    Thank you BISBO

  • @vidyeshwarprasad6895
    @vidyeshwarprasad6895 4 года назад +2

    Quite informative n quality video...such a topical issue explained so lucidly..Great job!!

  • @gauravg2359
    @gauravg2359 4 года назад

    Bhai ek number content hai tera. Keep it up!

  • @saiteja198
    @saiteja198 4 года назад +1

    I really like the way of delivering the info. And it is not easy to create a limerick. 👍....keep going....

    • @BisboWorld
      @BisboWorld  4 года назад

      Thanks a lot 😊 Sai Teja (esp for the limerick!)

  • @TOMKHOMION
    @TOMKHOMION 4 года назад +1

    Nice analysis

  • @bashashaik6105
    @bashashaik6105 4 года назад +1

    Wow short and subjectable clip... superb we will know what's going on around the world... keep it up thankyou Bisbo Boy...😎😎😎

  • @Masteridea101
    @Masteridea101 4 года назад

    Nice narration man.. Good job

  • @ashwanthkrishna2934
    @ashwanthkrishna2934 4 года назад +1

    Good work 👍

  • @r.arulkumar7349
    @r.arulkumar7349 4 года назад +1

    Good Work Bisbo
    And we need more videos on daily basis

    • @BisboWorld
      @BisboWorld  4 года назад

      I will try my best. This week target is 3 vids

  • @ericeagle9274
    @ericeagle9274 4 года назад +1

    Good work guys ....u r doing amazing work .... i share your almost each video ..kudoos keep up the good work ..

  • @pratheeshr.s1862
    @pratheeshr.s1862 4 года назад

    But no matter what the petrol / diesel price will never fall..

  • @cadipesh1861
    @cadipesh1861 4 года назад

    Great content bisbo! Keep continuing!

  • @ajinkyaghadge3106
    @ajinkyaghadge3106 4 года назад

    I seriously fail to wrap my head around as to why Bisbo had fewer subscribers. Let's run a campaign Bisbo.

  • @abhishekgarg5127
    @abhishekgarg5127 4 года назад

    Awesome video bro.

  • @swapniln8904
    @swapniln8904 4 года назад +2

    We trust bisbo and his Limerick.

  • @abhimanyukarkara4218
    @abhimanyukarkara4218 4 года назад

    Amazing video! Unbelievable

  • @himanshubhatt1783
    @himanshubhatt1783 4 года назад

    Amazing explaination and presentation. 😇

  • @raahullsngh3631
    @raahullsngh3631 4 года назад +1

    Happie to se desi chanel with extraordinary content

  • @kkkirytenahtss1
    @kkkirytenahtss1 4 года назад +2

    Weekly dose of gyan. Courtesy of bisbo.

  • @shashidhar97
    @shashidhar97 4 года назад +1

    Good and wonderful topic bisbo 👌

  • @pollytaboy
    @pollytaboy 3 года назад

    Nice vedio.. you are ryt

  • @khasigirl
    @khasigirl 4 года назад

    Your animation is too good and very funny 😄

  • @fxght
    @fxght 4 года назад

    bisbo has good quality content now i am proud

  • @onelncontact6690
    @onelncontact6690 4 года назад

    Amazing content and illustration. Easy for everyone to understand and gain knowledge. Will definitely try to spread your youtube videos. Keep on making amazing contents. Thanks. oneln

  • @drrajmmc
    @drrajmmc 4 года назад +1

    Nice video nice graphics

  • @siddharthlachhwani1
    @siddharthlachhwani1 4 года назад +1

    It's true ! NO party lasts forever !!!!

  • @covid-19ultrapromax25
    @covid-19ultrapromax25 4 года назад +3

    Plz make a Video on PM Cares Fraud, its the right of Poor (Who are Dying on streets) and our Govt. is accumulating it to buy MLAs in upcoming elections

  • @MrQuickPro
    @MrQuickPro 4 года назад +1

    ..too much dependence on oil

  • @AJ-st5tj
    @AJ-st5tj 4 года назад +2

    Hi bisbo ,pls make vids on crime cases , investigation cases , there are plenty of stories on net ....

  • @yeshpandey5772
    @yeshpandey5772 4 года назад +1

    I think at 7:26 you meant Putin consolidated his position as President and not Prime Minister as you said. Anyhow I just loved you animations and way of explaining. Keep it up 👍

    • @BisboWorld
      @BisboWorld  4 года назад +2

      Yes Yesh, you are right

  • @kiransalgaonkar987
    @kiransalgaonkar987 4 года назад

    Nice video by Bisbo

    • @BisboWorld
      @BisboWorld  4 года назад +1

      Thank you so much 😀 Kiran

  • @deepanshurawat9552
    @deepanshurawat9552 4 года назад +1

    Damn....oil is goin all shit man

  • @VEN123451
    @VEN123451 4 года назад +1

    Who is the sweet voice narrator in bisbo👌👌

  • @إبراهيم-ض6ت8ب
    @إبراهيم-ض6ت8ب 3 года назад

    If oil is cheaper, why doesn't the price drop?

  • @MrDerebail
    @MrDerebail 4 года назад +1

    The wti futures went negative only for short time.

    • @BisboWorld
      @BisboWorld  4 года назад

      Yes, we said that at the end of the video

  • @vincenttjia
    @vincenttjia 4 года назад +1

    Oil does not equal to petrol. Petrol still require some other ingredients other than oil

  • @bantunameirakpam6157
    @bantunameirakpam6157 4 года назад +1

    18 dislike people are Reliance employees

  • @RAHULSWAT
    @RAHULSWAT 4 года назад

    Have been following ur videos 😊👍 looks amazing 😊 Make a video about hawala money

  • @sanketdoshi8435
    @sanketdoshi8435 4 года назад

    Which software do you use to create animations?

  • @MrSatz99
    @MrSatz99 4 года назад +1

    Maa aagaya bisbo!

  • @dhrdhr8581
    @dhrdhr8581 4 года назад +1

    Yet no reduction in retail oil prices in india.

    • @BisboWorld
      @BisboWorld  4 года назад +3

      Yes, real price is Rs22 with zero taxes.

    • @maazins5875
      @maazins5875 4 года назад

      greedy government

    • @pankitaggarwal9535
      @pankitaggarwal9535 4 года назад

      @@BisboWorld you can't say it because India has stock of crude oil before oil the crisis

    • @pankitaggarwal9535
      @pankitaggarwal9535 4 года назад

      @@BisboWorld If they sell their old stock at lower they face loss and chances of non renewable also go less

  • @mohamedabdukadir3271
    @mohamedabdukadir3271 4 года назад +2

    The best animation keep going but please focus more on international topics

  • @preethemvidur7532
    @preethemvidur7532 4 года назад

    Well the cfd contracts went till negetive 33 usd , saw the whole thing go down and back up right before my eyes

  • @premkhan3969
    @premkhan3969 4 года назад +1

    I love your vidoe

  • @vinomax347
    @vinomax347 4 года назад

    Can you make a video about Elgar parishad case please, it's confusing ans complicated

  • @Dabluq
    @Dabluq 4 года назад +1

    Am here

  • @kuflipanda1611
    @kuflipanda1611 4 года назад

    But fracking is considered to be extremely hazardous to the environment and may also potentially cause earthquakes. Now I understand why the USA are so desperate to become Aatma nirbhar

  • @johnrichard459
    @johnrichard459 4 года назад

    *Will the Oil price fall further????* Plz reply

  • @syedaslam2856
    @syedaslam2856 4 года назад +1

    But in India it is still inverse

  • @Arifkhan0203
    @Arifkhan0203 3 года назад

    Still paying rs 91 for a litter of petrol

  • @Me27399
    @Me27399 4 года назад

    Once all is over oil prices will soar and ppl will make alot of money

  • @AbhishekVankit
    @AbhishekVankit 4 года назад +1

    The limerick in the end is cringe

    • @BisboWorld
      @BisboWorld  4 года назад +1

      Lol, I thought I did a good one!

    • @AbhishekVankit
      @AbhishekVankit 4 года назад +1

      @@BisboWorld not to demoralize you. The intent may be good. But it feels like a non-serious nursery rhyme at the end of something so informative and factual.

  • @ramansharma4310
    @ramansharma4310 4 года назад

    But bisbo when will the common man of India will get cheap oil??

  • @Vikrampagalhai
    @Vikrampagalhai 4 года назад

    Kindly enlighten us with Madhya Pradesh Honey Trap case.

  • @amruthkumar.k5614
    @amruthkumar.k5614 4 года назад +1

    crude oil prices fell in international markets,but have to pay same amount for a liter in India, any appropriate reason?

    • @BisboWorld
      @BisboWorld  4 года назад +1

      Actual price without taxes Rs 22. Rest all goes to govt

  • @dhananjaya6931
    @dhananjaya6931 4 года назад

    Time is a King maker .it can make any slave position to King & King position to slave overnight ,,,so respect time 😎😎

  • @yatharthgulati3109
    @yatharthgulati3109 4 года назад

    Great Work Bro .
    Just a question at 7:26 it says PM OF RUSSIA TILL 2036 , but I read on an article it was designation of President on Which Putin CAN remain till 2036....
    Which one is right?

  • @trivikrambhardwaj451
    @trivikrambhardwaj451 4 года назад +1

    How do you make such great animations?

  • @satyanaryanareddy9154
    @satyanaryanareddy9154 4 года назад +1

    Limerick was awesome

    • @BisboWorld
      @BisboWorld  4 года назад

      Thanks Satya, I thought so too. Don't manage a good one everytime

  • @muzk2711
    @muzk2711 4 года назад

    But what about turkey and Iran???

  • @mohitsaran4106
    @mohitsaran4106 4 года назад +1

    More audio clarity required

  • @91207anand
    @91207anand 4 года назад

    What is Y2K issue?

  • @vaidhyanadhan2876
    @vaidhyanadhan2876 4 года назад +1

    Wow

  • @AlexSGabor
    @AlexSGabor 3 года назад

    Borrowing #Bitcoin Buying #Tesla Shorting #Oil

  • @user-ke6qd5yq2y
    @user-ke6qd5yq2y 4 года назад

    Well, Oil "prices" did not actually go negative. It was the derivatives contract price that went down. Huge difference. Dont mislead.

  • @satyabobby1
    @satyabobby1 4 года назад

    Your accents are really funny 😀

  • @vintagegame9
    @vintagegame9 4 года назад +1

    What you use for animation, any suggestions.

  • @kkaushikjpr
    @kkaushikjpr 4 года назад

    How do you create such awesome animation. Please post a tutorial some day.

  • @balukaluru1520
    @balukaluru1520 3 года назад

    Bisbo in english 😯😲🙈👍👌