3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch
Green Car Congress
JUNE 1, 2016
Although markets have dealt with the supply overhang for the better part of two years, the surplus could flip to a deficit as early as this year, as declines exceed new sources of production by a few hundred thousand barrels per day. But Statoil’s CFO said the world could start to see supply problems by 2020.
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