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.
Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel.
MA
MarketWatch Top StoriesBy Myra P. Saefong
EXECUTIVE SUMMARY
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.
Key Takeaways
- Global oil supplies are suddenly flowing.
- Why a crude glut won’t mean cheaper diesel..
- 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.
Read Complete Original Article
Published originally on MarketWatch Top Stories
