Oil posts weekly loss on oversupply concerns
IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year Oil prices closed lower on Friday (Dec 12), marking a 4 per…
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oversupply
Oil eases amid uncertainty around Russia-Ukraine peace plan, oversupply worries
Oil prices declined 1 per cent on Tuesday (Dec 2) as markets weighed faltering Russia-Ukraine peace hopes against fears of oversupply. Brent crude futures settled 72 US cents lower, or…
Oil up as investors balance sanctions risks, oversupply worries
Oil prices gained about US$1 on Tuesday on the impact of the latest US sanctions on Russian oil and the optimism over a potential end to the US government shutdown, although oversupply…
Gulf development profits as Thailand faces electricity oversupply and regulatory gaps
Electricity prices in Thailand have long been a political and economic flashpoint, with frequent allegations of corruption and favoritism benefiting well-connected companies. This week,…
Oil falls 2% to four-month lows on oversupply concerns
Oil prices settled down about 2 per cent at the lowest in four months on Thursday (Oct 2), extending a run of declines into a fourth day, due to concerns about oversupply in the market…
Oil prices slide 2% on worries about global oversupply, US demand
Oil prices slid on Thursday, settling about 2 per cent lower as concerns over possible softening of US demand and broad oversupply offset threats to output from the conflict in the Middle…
Oil prices settle up over US$1 after global tensions mount; oversupply caps gains
Oil prices settled higher on Wednesday by more than US$1 a barrel as investors worried about possible supply disruptions after Poland downed drones in its airspace and the US pushed for…
Oil falls as Opec+ output hike adds to oversupply concerns
Oil prices fell to their lowest levels in a week on Monday after Opec+ agreed to another large output increase in September, adding to oversupply concerns after US data showed lacklustre…
CEO of an $11 billion builder empire warns that these housing markets face a short-term oversupply
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. This year’s spring selling season didn’t meet expectations, Toll…
China could restart import controls on coal as oversupply mounts
CHINA could re-establish import controls on coal, after leading industry groups warned on mounting oversupply in the world’s biggest market for the fuel, according to Morgan Stanley. The…
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary policy, fanning concerns that weak economic activity could…