Despite the current excess inventories in the international oil market, which led crude oil prices to drop to almost 11-year-low, the Organisation of Petroleum Exporting Countries (OPEC) has predicted more inventories in this year and beyond.The global market is currently battling with the 1.5 million barrels per day excess crude in the market and how to absorb an additional 1.5 million barrels per day that Iran will take to the market in the second quarter of 2016 shortly after the West has lifted sanctions against the country
Read more @ Thisdaylive
No comments:
Post a Comment