News Formal

Oil market still unbalanced despite more Opec cuts | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Oil market still unbalanced despite more Opec cuts

Supply cuts by the world’s oil producers may not be enough to eliminate a glut of crude on the global market. – EPA pic, December 12, 2019.

ADDITIONAL supply cuts by the powerful Opec group of oil producers and its allies may not be enough to eliminate a glut of crude on the global market, the IEA warned today. Meanwhile, energy consumption by China is bounding higher – a signal that the country’s economy may be in better shape than widely thought as its trade war with the United States rumbles on.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil market in limbo despite OPEC+ cutsInternational Energy Agency warns of likely surplus in global supply in the first quarter of next year. FMTNews OilMarket InternationalEnergyAgency Opec
Source: fmtoday - 🏆 5. / 72 Read more »