opec says oil glut may ease by 2017 as noncartel supply drops
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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OPEC says oil glut 'may ease' by 2017 as non-cartel supply drops

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Arab Today, arab today OPEC says oil glut 'may ease' by 2017 as non-cartel supply drops

OPEC
Vienna - Arab Today

 OPEC said Friday a global crude glut that has squeezed the market and sent prices plunging over the past year "may be easing" as a result of countries outside the oil producing cartel dropping their production.

"There have been consistent signs of declines in non OPEC-production which should likely flip the global oil market into a net deficit in 2017," the Organization of the Petroleum Exporting Countries noted in its May report.

 
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opec says oil glut may ease by 2017 as noncartel supply drops opec says oil glut may ease by 2017 as noncartel supply drops

 



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opec says oil glut may ease by 2017 as noncartel supply drops opec says oil glut may ease by 2017 as noncartel supply drops

 



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