The World Is Awash With Oil and Prices Are Poised to Keep Falling

Almost every day, an oil tanker arrives off the Guyana coast to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments...

By Alex Longley, Mia Gindis, Julian Lee, Rong Wei Neo, Dave Merrill · Bloomberg Markets

Almost every day, an oil tanker arrives off the Guyana coast to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments is all the more remarkable because just a few years ago, the country didn’t pump a single barrel.