Oil glut worsens as OPEC market share battle begins — IEA

14 May 2015, Lagos – A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant U.S. shale production, the International Energy Agency (IEA) said. The West’s energy watchdog said in a monthly report that although higher-than-expected oil demand was […] More »