Three can't-miss stories from major news sources

1. When this happens, you'll know the oil industry is in trouble again

While India's oil demand is not contracting right now, small cracks are starting to emerge in its economy. (Business Insider)

2. OPEC points to larger 2017 oil surplus as rivals keep pumping

OPEC revised up its 2016 and 2017 non-OPEC supply forecasts, citing factors including the start up of Kazakhstan's Kashagan oilfield and a lower-than-expected decline in U.S. shale output. (Reuters)

3. How 'Zombie' Oil Companies Stay Alive in Life-or-Death Debt Markets

'Distressed exchanges' are on the rise and contributing to a jump in defaults, especially in the energy sector. (Bloomberg)