Global oil market in glut, but not a big enough one for OPEC

July 24, 2019 admin Business News Comments Off on Global oil market in glut, but not a big enough one for OPEC

OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions.

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Source:: Reuters – Business News