Oil glut worsens as OPEC market-share battle just beginning - IEA
Global oil production exceeds demand by around 2 million barrels per day, or over 2%.
May 13, 2015, 13:55 PM ISTOil prices down in Asian trade
US benchmark West Texas Intermediate fell two cents to $59.13 while Brent eased seven cents to $66.39 in afternoon trade.
May 04, 2015, 11:23 AM IST