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Oil glut grows and takes a toll globally

Shakeout will be painful for companies, countries and investors

Published Sun, Jan 17, 2016 · 09:50 PM

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.

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Companies & Markets

Oil glut grows and takes a toll globally

Energy & Commodities

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

Oil settles higher as weak US economic growth offset by supply concerns

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