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Conventional wisdom has suggested we are headed for a significant oil surplus next year, with some commentators talking about a glut.
Even respected industry publications like OilPrice.com headlined "IEA Warns Of A Looming Oil Glut Ahead Of OPEC Meeting" this past week, as global oil demand growth has slowed due to weakening economic growth and the continued trade dispute between the United States and China.
The suggestion is OPEC and its partners, principally Russia, are going to have to do more than just rein in a few transgressors of previous