SA: IEA predicts another oil glut in 2020

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By LoadstarEditorial

12/07/2019

SEEKING ALPHA reports: “Oil is headed for its biggest weekly gain in three as simmering Middle East tensions, shrinking US crude inventories and Tropical Storm Barry in the Gulf of Mexico threaten the supply outlook. Despite the developments and recent rollover of an OPEC-led output cut, the IEA is forecasting another glut in 2020.”

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