Friday 6 May 2016
Global supply

Oil hovers near 11-year lows on abundant supply

Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abundant supplies, with Saudi Arabia signalling no change to its oil policies and Iran preparing to ramp up exports. Inte


Oil rally ‘will pause until Iran cuts’

Slowing global seasonal oil demand and a potential release of emergency stockpiles by consuming nations will slow the oil price rally in coming months, before sanctions on Iran start affecting global supply, a Reuters poll showed on Thursday.

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