IEA: Defiantly high Russian oil production creating oversupply risk

”Much of the supply overhang reflects ample Russian barrels racing to re-route to new destinations,” writes the International Energy Agency.

by marketwire, translated by daniel pedersen

Global oil markets will have to endure oversupplying from high Russian production, putting speculations of oil shortages to shame while demand increases, assesses the International Energy Agency (IEA) according to Bloomberg News.

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