Growing rifts among producers signal that oil glut is set to only worsen
No Opec talks in April while US crude stocks jump and US-Saudi tie-up is put on hold
01 April 2020 - 07:44
Tokyo — Global crude oil prices slid further on Wednesday, following their biggest ever quarterly and monthly losses, as a bigger-than-expected rise in US inventories and a widening rift within Opec heightened oversupply fears.
Oil prices are near their lowest since 2002 amid the global coronavirus crisis that has brought a worldwide economic slowdown and slashed oil demand. Crude futures ended the quarter down nearly 70% after record losses in March...
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