As its semi-annual assembly nears, OPEC is going through growing strain to deepen its output cuts or face the potential of a lot decrease oil costs. ...
The outlook for pure gasoline producers will not be nice. They're getting clobbered by low costs right now, amid a glut. However the medium- and long-term seems even worse, with renewable vitality more and more taking ...
One other world oil glut looms: Worldwide Power Company forecasts ‘oversupplied market’ for 2020
Posted By Russian Opinion. Under Economy Tags: ‘oversupplied, 2020, agency, Another, Energy, forecasts, Global, glut, International, looms, Market
The Worldwide Power Company (IEA) is predicting the return of a glut within the oil market in 2020, as OPEC expects demand for its crude to drop whereas its rivals enhance manufacturing. Learn Extra at ...
MOSCOW, August 10 — RIA Novosti / Prime. World market prices for the oil is reduced to Monday Conservation background concerns about oversupply and the lack of demand for ...
