The Surprising Winners And Losers Of The Global Oil Glut – Yahoo Finance

The Surprising Winners And Losers Of The Global Oil Glut – Yahoo Finance

Despite the historic OPEC+ production cut deal, available oil storage capacity around the world is running thin as global oil demand continues to crumble amid lockdowns and travel restrictions in many countries.

remove 9.7 million bpd from the market starting in May. But oil storage capacity may be full as early as in the middle of May, according to many analysts.  ” data-reactid=”13″>OPEC and its Russia-led allies promised to remove 9.7 million bpd from the market starting in May. But oil storage capacity may be full as early as in the middle of May, according to many analysts.  

Forbes.” data-reactid=”14″>In this unprecedented global oil glut, some sectors of the oil industry and some oil-producing countries and their national oil companies (NOCs) are set to fare better than others, petroleum economics and energy
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