Oil and LNG supply gluts spell double trouble for Australian LNG producers

Capt. John

In its Oil 2024 report published on 12 June, the International Energy Agency (IEA) forecast that global oil markets are heading for a glut in supply, with global oil capacity in 2030 potentially exceeding demand by a staggering 8 million barrels per day. The glut is due to rising oil supplies led...


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