OPEC Panel Confirms The Oil Glut Is All But Eliminated

April 20, 2018: OPEC Panel Confirms The Oil Glut Is All But Eliminated

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A meeting of the Joint Technical Committee (JTC) of the OPEC and non-OPEC oil producers part of the supply-cut pact found on Thursday that oil inventories in developed economies had dropped to just 12 million barrels over the official target of the cuts—the five-year average, a source familiar with the matter told...Read more