The closing price of WTI crude oil futures contract in May was negative on Monday, and the contract price in Tuesday and June fell below $-0/2 per barrel, which was also disastrous. According to RystadEnergy data, 533 American oil exploration and production companies will file for bankruptcy at the end of 20021under the environment of oil price of $20. Rystad estimates that if the price falls below 10, there will be 65500.
The US oil industry laid off as many as 5 1 1,000 people in March.
In March this year, the oil and gas industry reduced production by nearly 5. 1000 drilling and refining jobs, down by 9%. According to the data of BWResearchPartnership, if auxiliary jobs such as construction, drilling equipment manufacturing and ships are included, the number of unemployed people in the oil and gas industry will increase by 1000 in March.