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Another Oil Glut Looms, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 100 Words
Attachment: Oil COVID 0820

After COVID-19 and other factors collapsed global oil demand in April and May, OPEC and OPEC+ cooperated to curb overproduction. But it looks like the cartel is headed toward increasing production again in August, a move that could backfire and cause more oversupply, resulting in lower oil prices.

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