12/08/2015at 15:57

IEA projects oil flood far into 2016

The abundance of oil on the global markets will continue in 2016, projects the International Energy Agency in a new analysis.

BY CHRISTIAN BARTELS

The massive global supply of oil helping to push prices down will continue to flood the market far into 2016, reports Bloomberg on the basis of a monthly report from the International Energy Agency, IEA, in Paris.

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Oil price drops to less than USD 50
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