Oil Market Faces ‘Super Glut’ With Supply Hikes, Trafigura Says
The oil market is headed for a “super glut” next year as a wave of new supplies may run up against sluggish demand, according to global commodities trader Trafigura.
By Mitchell Ferman · Bloomberg Markets
The oil market is headed for a “super glut” next year as a wave of new supplies may run up against sluggish demand, according to global commodities trader Trafigura.