Malaysia: Slippery slope for oil

• Aug 08, 2016

Malaysia: Slippery slope for oil

Tuesday, 2 August 2016 – The continued oil supply glut in the market could mean a sustained low oil price environment, especially in the short to medium term.

The oil supply glut does not seem to be abating, with oil majors preferring to pump and store oil at the moment instead of cutting production.

According to unconfirmed reports, India is mulling over the idea of setting up a strategic petroleum reserve to store oil, similar to the ones that have been established in the United States and China. Read More?