Global oil glut set to last at least until mid-2017
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Paris
A GLOBAL oil glut that has hurt producers but means cheaper pump prices looks set to go on at least six months longer than previously thought, the IEA said on Tuesday, sending world oil prices slumping.
The International Energy Agency said demand growth was slowing while supply was rising, meaning the glut was now due to linger "at least through the first half of next year".
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