Post Tagged with: "Glut"

800 MBOPD of Oil Could Return to Markets from Libya and Nigeria

800 MBOPD of Oil Could Return to Markets from Libya and Nigeria

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 …

OPEC Veteran Likens Oil Glut to Cancer

OPEC Veteran Likens Oil Glut to Cancer

Former Qatari Oil Minister campaigning for 2.5 MMBOPD cut

Qatar’s former oil minister, Abdullah al-Attiyah, said he is concerned about the continued crude oil supply glut. He is talking to OPEC and non-OPEC producers about making cuts before oversupply becomes …