supply glut | Egypt Oil & Gas

UAE Preparing Energy Projects for Eventual Oil Price Rebound

The United Arab Emirate is pushing ahead with large new energy projects, betting that an oil price recovery will start as early as next year as demand begins to absorb the global glut.

Iran Mulling Tempo of Long Awaited Return to Global Oil Marke

A World Bank report warned that the lifting of Iran sanctions would add about a million barrels of oil a day and so depress oil prices by a further $10 per barrel next year

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