23.06.2016 - World’s 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017
The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the world’s second-largest sovereign wealth fund. Supply and demand for oil are coming back into balance, and the response of shale producers to rising prices will help determine how high crude can go, Christof Ruehl, the global head of research at Abu Dhabi Investment Authority, said..............................................Full Article: Source
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