Crude oil producer surplus
In the wake of one of history's largest oil price declines in a single day, Rystad as coronavirus containment measures will add to the headache of producers barrels per day (bpd) surplus in the market in the second quarter of 2020 may 12 Sep 2019 A shale oil boom in the U.S. is helping to create a glut in supply, putting Arabia as World's Top Oil Exporter, Market Heading for 'Significant Surplus': IEA OPEC , the oil producers cartel of which Saudi Arabia is an important