Milk powder production in the US is set to significantly increase capacity over the next two years despite an ongoing global supply glut. (edairynews.com)
OPEC's output hit a three - year high last month, while the International Energy Agency came out with a report today saying that the global supply glut would continue in 2016. (businessinsider.com)
The Saudis led the charge to get OPEC members and Russia to limit production to alleviate the global supply glut, and even reduced their own output more than required. (cnbc.com)