OPEC is said to see oil inventory glut finally gone in one year
Major oil inventories will be reduced significantly in one year, expects OPEC, according to sources with insight into internal forecasts of the organization.
BY GRANT SMITH, WAEL MAHDI, AND ANGELINA RASCOUET, BLOOMBERG
OPEC expects its efforts to clear the surplus in oil inventories to finally succeed by the end of the third quarter of next year, said people familiar with the group's internal forecasts.
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