Petroleum 'glut' in international trade means

a

a fall in petroleum production

b

an over supply of petroleum

c

a higher petroleum price offered by the buyer

d

a higher petroleum price demanded by the seller

e

higher prices for the consumtion of petroleum

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nurudeenalo94
4 years ago

When we say oil glut it means no adequate supply of oil,but oil boom is adequate supply of oil in international market

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