Tehran
oil

OPEC to Struggle With Oversupply for Years

When OPEC and Russia first embarked on clearing a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years. ...
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Libya Oil Supply Reduced by Security Threats, Port Closure

Libya’s biggest oilfield has reduced crude production by more than 30% in recent days and the Zueitina export terminal ceased loadings over the weekend, throwing the OPEC country’s output back ...