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OPEC Sees a World That Still Has Too Much Oil - Bloomberg
Bloomberg | OPEC Sees a World That Still Has Too Much Oil Bloomberg The oil market is tipping slowly from glut to equilibrium, as output cuts from OPEC and 11 non-OPEC countries start to reduce crude flows. It's not quite there yet. Indeed, the grand "re-balancing" of supply and demand has yet to take place, although ... Default Assumption Of Geopolitical Risk Dragging Oil Prices Up Is A Fallacy Oil production grows faster than OPEC can cut OPEC faces 'lose-lose' decision on extending oil production curbs |
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