Many observers noted that the President had the facts of the current oil situation wrong and that there were no longer record amounts of oil in storage or loaded on ships at sea. (resilience.org)
«Seen from a Middle Eastern perspective, the present global oil situation can be summarised within five major and inescapable trends: (johnquiggin.com)
By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the current oil situation, and that means keeping the taps flowing in the midst of a global glut no matter how low prices go. (theglobeandmail.com)