Deck hands tighten sections of steel pipe and insert them back into a well on a natural gas drilling rig outside of Artesia, in eastern New Mexico, which is part of the Permian Basin that extends into the state to the west of Texas.
Robert Nickelsberg | Getty Images News | Getty Images
Oil markets are expected to face excess supplies in 2020 due to a production boost amid weak demand growth, the director for energy markets and security at the International Energy Agency said Tuesday.
“Overall, we will continue to see a well supplied market in 2020,” said Keisuke Sadamori at the Singapore International Energy Week.
“Unless other things change, we will see a surplus probably, unless there is…