Oil glut grows and takes a toll globally
Shakeout will be painful for companies, countries and investors
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Houston
THE world is awash in crude oil, with enough extra produced last year to fuel all of Britain or Thailand. And the price of oil won't stop falling until the glut shrinks.
The oil glut - the unsold crude that is piling up around the world - is a quandary and a source of investor anxiety that once again rattled global markets on Friday.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
