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EIA: Global oil oversupply could return in 2018

Tue Jun 06, 2017 11:53 pm

OGJ Production News

The US Energy Information Administration lowered its crude-oil price
forecast and raised its US production outlook for 2018 in its latest
Short-Term Energy Outlook. The lower price forecast reflects the
possibility of a return to modest oversupply in global oil markets in
2018.



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