The World’s Oil Glut Is Much Worse Than It Looks
An employee adjusts a control wheel in front of pumping units, also known as “nodding donkeys” or pumping jacks, at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic. (Photographer: Martin Divisek/Bloomberg)

The World’s Oil Glut Is Much Worse Than It Looks

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(Bloomberg Opinion) -- A meeting of ministers from OPEC states and their oil-producing allies will take place in Abu Dhabi this week. It will probably be a subdued affair. Oil prices remain stubbor...
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