Louisiana Light is now trading at US$5.85 as of March 30/31 while WTI is at US$20. Refineries in Louisiana are being shut down. Oil demand in the US is collapsing. Thank goodness there was a hedge in place and BYE can hibernate and wait for the inevitable turnaround. Many others will not survive this.
https://oilprice.com/Energy/Energy-General/The-Inevitable-Collapse-Of-Global-Oil-Production.html
https://oilprice.com/oil-price-charts/76
Louisiana Light is now trading at US$5.85 as of March 30/31...
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