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IEA: Oil Supply Glut To Widen In 2016
Tuesday, February 9, 2016 - 12:38pm | 165According to the International Energy Agency, the world is oversupplied with oil by around 1.5 million barrels per day and this glut is only expected to expand. The IEA estimated that in the near term the world will be oversupplied with 1.75 million barrels per day. The agency cited increased...