IEA: The Oil Glut Is Going Nowhere

IEA: The Oil Glut Is Going Nowhere

Authored by Irina Slav via OilPrice.com,

Global oil markets will remain well supplied this year, with a possible overhang of some 1 million bpd, the head of the International Energy Agency, Fatih Bitol, told Reuters.

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“Non-OPEC production is very strong. We still expect production coming from, not just United…

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