Rabu, 20 Januari 2016

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Oil market could drown in oversupply in 2016, says IEA

 Brent crude oil dropped to a 13-year low of less than $28 a barrel on Monday after Iran’s liberation from sanctions left it free to return to the export market. Iran’s comeback threatens to increase the oversupply created by US shale drillers and Saudi Arabia’s determination to keep pumping in an attempt to put smaller competitors out of business.
 

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