Dec 6, 2019
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Record oil glut stands at 3 billion barrels
Record oil glut stands at 3 billion barrels
Laborers work at an oil refinery in the southern town Nasiriyah.
The world is awash with oil having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said.
“Stockpiles of oil at a record 3 billion barrels are providing world markets with a degree of comfort,”…
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