Libya and Nigeria hope to restart exports that could add substantially to the global glut
Both the IEA and OPEC pushed out their forecasts for market balance this week as supply continues to prove resistant to the drop in crude oil prices. Even more crude oil could come back to the market from Libya and Nigeria in coming days, however, making market balance an even more distant reality.

Libya’s state oil company said Wednesday that it plans to resume crude sales from the ports of Ras Lanuf, Es Sider and Zueitina, potentially bringing 300 MB...

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