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MISWIN MAHESH
The glut strikes back as oil returns to brink of bear marketOil is poised for a drop of 20% since early June. While excess crude production is abating, inventories around the world are brimming.- Expect crude oil prices to sustain in $25-30 range post ongoing turmoil: Miswin MaheshWe will hit pain points; before start moving towards the sustainable average which is about $25-30 a barrel in any case, says Mahesh.
- Iran has a little surprise for the oil market that's ready to shipThe Opec member has been stockpiling oil onshore and in supertankers in the Persian Gulf, according to data compiled by Bloomberg.
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