Oil slides on forecast of market surplus

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

“I see an abundance of energy supply in terms of oil and gas.”

International Energy Agency head expects an abundance of energy supply in terms of oil and gas in first-half of yearThe Philadelphia Energy Solutions oil refinery. Picture: REUTERS

The head of the IEA, Fatih Birol, said on Tuesday he expects the market to be in surplus by a million barrels per day in the first half of this year. Libya’s National Oil Corporation on Monday declared force majeure on the loading of oil from two major oilfields after the latest development in a long-running military conflict.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines