TITLE

IEA: Supply Glut To Continue

AUTHOR(S)
Investor's Business Daily
PUB. DATE
December 2015
SOURCE
Investors Business Daily;12/14/2015, pA01
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
2 Early indicators for Q4 show the growth of world oil demand slowing to 1.3 mil barrels a day, down from a peak of 2.2 mil bpd in Q3, the Int'l Energy Agency said. Also, total oil output still is growing despite spending cuts at U.S. shale firms. Baker Hughes said the U.S. oil rig count fell by 21 to 524 vs. a peak of 1,609 in Oct. '14. U.S. crude fell 3.1% to $35.62 a barrel, hitting a 7-year low.
ACCESSION #
111562826

 

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