Via Fast FT subscription service from the Financial Times: Why the price of oil just keeps tumbling
- Russia and Iraq exports picked up
- New production is also expected … in West Africa, Latin America, particularly Brazil
- Some analysts expect the arrival of several hundred thousand barrels a day of Canadian sour crude on the US Gulf Coast and a rise in exports from Kurdistan
- Potential for more supply from Iran
- Saudi Arabia shows no signs of conceding and a cut seems unlikely ahead of the next Opec meeting scheduled for June
