Wall Street Journal | Oil Turns Higher as US Production Slows Wall Street Journal The global oil market remains oversupplied more than a year and a half after prices started plunging in mid-2014. While production has started to fall in some regions due to cuts in spending, especially in U.S. shale-oil regions, global output ... Why $80 could be 'new normal' for oil: Advisor Why the oil market didn't need the Doha freeze after all In riposte to Riyadh, Russia says ready to ramp up oil output |