EIA Predicts Deteriorating Oil Market into 2017

The EIA on Tuesday released its adjusted estimates of global demand and supply for oil, and the adjustments were not for the better. The EIA released its findings in the September version of its “Oil Market Report.” The EIA expects that oil will see a continuing slowdown in demand and an increase in supply, which means that the current market glut will continue well into 2017.

One of the issues...

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Oilman Jan-Feb 2018

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