If you’re a consumer stuck in lockdown, you may not benefit from lower prices.

Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.

Swooning demand means there’s a lot of oil being produced but not consumed. That’s making storage prices soar.

Low oil prices affect all producer nations. Each has different vulnerabilities.

Companies are using less oil to make and ship things. As consumers curtail travel, they use less oil, too.

There was talk that OPEC and Russia might together cut the world’s supply of oil by one million barrels a day.

Nervous traders are selling oil contracts first and asking questions later.

How long will lower oil prices persist?

Some analysts say Iran’s most likely initial target for retaliation? Oil facilities in Iraq.

Some energy companies are questioning whether they can wait out the current dip in prices.