Similar Stories to Oil Glut To Persist Through 2016, Says Iea on Bing News

Weaker economic output forecast after stimulus from lower prices wears off

BING NEWS:
  • 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
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