Oil Glut Set to Worsen as Nigeria and Libya Fields Restart

Updated on
  • Exxon said to be on brink of resumption of top Nigeria grade
  • Libya lifts export restriction on ports halted for months

How Long Will the Oil Glut Last?

Amid the most enduring global oil glut in decades, two OPEC crude producers whose supplies have been crushed by domestic conflicts are preparing to add hundreds of thousands of barrels to world markets within weeks.

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