Monthly market reports published by the Organization of Petroleum Exporting Countries (OPEC) stand on display during a news conference. (Photographer: Lisi Niesner/Bloomberg)

OPEC Sees New Oil Surplus in 2020 as U.S. Shale Surges Again

(Bloomberg) -- A week after OPEC agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge.

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