Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel.
Summary
World petroleum production is projected to exceed global demand shortly. However, this unexpected surplus of crude oil will not necessarily result in cheaper diesel prices for consumers.
It’s official: the world is expected to soon have more oil than it needs for the first time since the Iran war began in February. But more oil doesn’t automatically lead to lower diesel prices.
Source: Read the full story at MarketWatch.com - Top Stories
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