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Halfway into 2017's oil supply cut, Asia remains awash with fuel

Monday, March 20, 2017 - 05:50

Stiff competition and ample supplies have depressed prices for Middle East and Asia-Pacific grades, some of them to multi-month lows.


HALFWAY into an Opec-led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a global glut have so far had little effect.

The Organization of the Petroleum Exporting Countries (Opec) and other suppliers including Russia have pledged

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