Iraq is committed to achieving producers' joint goals to control the oil glut in world markets.

伊拉克将致力于实现产油国的共同目标，以控制全球市场的石油供应过剩。

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Opec has delivered a second major oil shock, followed by a world recession and oil glut in 1980-1981.

石油输出国组织发动了第二次大规模的石油冲击，接踵而来的是1980 - 1981年的世界性衰退和石油过剩。

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At the moment, diesel is in short supply and there is a glut of fuel oil.

目前，柴油供应张，而燃油却供应过多。

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But by then the oil shortage of the 1920s had turned into an oil glut, thanks to new discoveries in places like east Texas.

FORBES: Magazine Article

Vahan Janjigian , editor of Forbes Growth Investor, believes the likely short-term consequence of a successful regime change in Iraq would be an oil glut--not a shortage.

FORBES: Magazine Article

In May, Enbridge, a Canadian company, reversed the flow of a big North American oil pipeline, sending a glut of oil from America's northern plains southward to coastal refineries.

ECONOMIST: Petrol prices