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Opec ‘Mission Accomplished’ as oil glut vanishes, says IEAThe Organization of Petroleum Exporting Countries (Opec) is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the worst industry downturn in a generation, reported Bloomberg, citi More… |
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Global glut to temper oil price gains this year: pollGlobal oversupply in crude oil is likely to limit price gains this year despite a series of unplanned outages and shrinking US shale production, a Reuters poll showed. Wildfires in Canada, political unrest in Venezuela and supply More… |
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Oil glut ‘to stay as demand growth slows’A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key Opec members maintain near-record output, the International Energy Agency said, even as low prices curb supply outside the producer group. More… |
