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There was never much of a question about what the biggest story of 2020 would be. COVID-19âs spread around the world caused massive problems that we are still very much dealing with. But there were other stories, as well. Here are three big stories from 2020 that werenât COVID-19. Oil price collapse In March, the oil and gas industry was hit with a double-whammy: a drop in demand because of the global pandemic and a price war between Russia and Saudi Arabia. That caused the price of a barrel of oil to plummet from more than $50 per barrel in January to nearly nothing by early May. Prices have rebounded to between $30 and $40 per barrel. ....