Is The Oil Glut Coming Back? | OilPrice.com

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But the lower demand figure ultimately meant that the global oil market was in surplus in the first quarter by about 0.7 mb/d, a larger glut than expected. the OECD at the start of April have.

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Related: iea: huge oil Glut Coming In 2020 Recent production increases at the adjunct. Energy Aspects, in London, told OilPrice.com. “Some companies – like ENI for the Zubair field and BP in.

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Oil had its worst week of the year. Bloomberg reports that China’s teapot refiners are cutting back on processing as they suffer from a growing glut of gasoline. The buildup in inventories is.

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There has been much talk lately about a potential oil glut in 2020, most notably by the. will likely be revised materially.

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