Humanitarian & Cultural Causes in Africa
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Is The #Oil Supply Glut Set To Return?

Is The #Oil Supply Glut Set To Return? | Humanitarian & Cultural Causes in Africa |
Mixed news from OPEC and the IEA has confused markets last week, but especially the remarks from Saudi Oil Minister al-Falih had markets concerned that a new glut could be in the making
Igor Espanhol's insight:

"There were a series of mixed messages from both OPEC and the IEA in recent days, offering a muddy outlook for the oil market. First was the TASS interview with Saudi oil minister Khalid al-Falih. His main message was that Saudi Arabia has enough spare capacity to cover for any shortfall related to Iran, although he noted that any further unexpected outages – from, say, Venezuela, Libya or Nigeria – would test the cartel’s abilities."

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Humanitarian & Cultural Causes in Africa
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