Is The Oil Glut Coming Back? |

Short-cycle shale output will also add to the glut, says Goldman, projecting an additional 1 million bpd to global supply by 2018-2019 coming from the. could add on the global oil market. By.

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Tsvetana is a writer for with. The oil market-now at its tightest state in years-would feel an Iranian oil supply disruption much more than it would have felt it just a year or so ago.

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With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.. the The farmington daily times' Energy Magazine, which Is going on hiatus in San. in an outlook that dates back to the oil price crash of 2014-2016.

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To understand this story, we first have to go back to the mid-2000s. oil prices were rising sharply because global demand was surging.

Up or Down: A Look at Where Oil Prices Could Go. I would have a pretty good argument to suggest that prices might go back to $50-60 and I.

Oil prices remain stubbornly low despite big output cuts by the. target of the output cuts back in November 2016 was to get stockpiles back to.

Oil prices dropped below $60 a barrel on Black Friday, the lowest price. arabia may choose to cut back production and drive prices back up.

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