Louisiana’s oil industry hopes for federal help until global fuel demand bounces – thewestsidejournal.com

(The Center Square) – Louisiana’s oil and gas executives are asking the federal government for help weathering the worst downturn the state’s industry has seen since the 1980s.

In April, an oversupply of oil combined with collapsed demand amid the COVID-19 pandemic briefly pushed U.S. oil prices into negative territory for the first time. Traders were willing to pay to get rid of the oil rather…

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