International Energy Agency Says Oil Glut is Poised to Worsen

 

There is no end in sight to the global oil glut according to the International Energy Agency which does not believe prices will rise significantly this year from current low levels.

However, in its latest assessment the IEA said it does not expect crude prices to follow some of the most extreme forecasts and fall to as low as $10 a barrel. 

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Source: Euronews