You are here

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

Monday, March 20, 2017 - 05:50

BT_20170320_CPOPEC20X8UG_2798355.jpg
Stiff competition and ample supplies have depressed prices for Middle East and Asia-Pacific grades, some of them to multi-month lows.

Singapore

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

sentifi.com

Market voices on:

Powered by GET.comGetCom