This flooded global oil inventories and sent prices as low as $ 30 a barrel which was a disaster for all concerned. (resilience.org)
Whether or not that happens — and frankly, it's an extreme example of the worst - case scenario for US shale producers — a glut of global oil inventories is already weighing on oil prices. (businessinsider.com)
The global oil supply glut hasn't eased as fast as we thought it would, but we expect to see a reduction in global oil inventories — and a rebalancing of supply and demand — in the second half of the year. (blackrockblog.com)