Oil Glut To Persist Through 2016, Says Iea

Weaker economic output forecast after stimulus from lower prices wears off

BING NEWS:
  • Oil settles higher as Russia orders output cuts, geopolitical tensions persist
    HOUSTON, March 25 (Reuters) - Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset ...
    03/25/2024 - 7:58 am | View Link
  • Oil prices settle slightly higher but supply glut concerns keep lid on gains
    As worries about a supply surplus persist, the demand outlook has been soured by recent data from China, the biggest oil consumer, pointing to a sluggish post-pandemic recovery. Data last week ...
    12/11/2023 - 7:44 am | View Link
  • Oil prices slump to settle below $70 a barrel as supply jitters persist
    as a larger-than-expected draw in weekly U.S. inventories failed to coax the bulls out of hiding amid fears about supply glut blunting the impact of OPEC+ supply cuts set for early next year.
    12/5/2023 - 1:57 pm | View Link
  • Alaska Has Hard Decisions To Make Amid Oil And Gas Price Plunge
    As the supply glut and severely repressed prices continue to plague the market, new project proposals will never get off the ground, and in time demand will finally catch up with supply ...
    03/27/2016 - 9:07 pm | View Link
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