Friday 29 May 2015

Opec predicts global oil glut to continue for two more years | The National

Opec predicts global oil glut to continue for two more years | The National:



"The global oil glut could persist for another two years, says a draft report from the Opec producer group.



The paper comes ahead of the group’s meeting in Vienna next week.



In a draft report of Opec’s long-term strategy, the 12-member organisation does not foresee a cut in North American shale production for two years, Reuters reported."



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