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Global Oil Supply Surplus & Outlook For 2020

The oil market saw a fairly notable surplus in the first half of 2019, a much larger increase than initially expected. Looking ahead, supplies are scheduled to contract in the final half of the year; however, it could only be…

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Rise In Inventory Draws Bolsters Oil Prices

U.S. crude oil stock, as predicted by the Energy Information Administration, showed that production for the week closing June 14 dropped this week to 12.2 million BPD, a 200,000 sag from the record high of 12.4 million BPD.  The official…

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Oil Increases After Iran Destroys U.S. Drone

Iran’s destruction of a United States surveillance drone has provided oil prices with their biggest hike this year, and President Donald Trump’s statement that Tehran has made “a very big mistake” leaves the industry in question as to how the…

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