Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
Oil prices settled more than 2 per cent lower on Friday (Dec 26) as investors weighed a looming global supply ...
Tag: Glut
Oil posts second weekly decline as glut concerns dominate
OIL declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply. West Texas Intermediate gained ...
Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026 The Middle Eastern oil ...
Oil falls as investors weigh potential supply glut, weak demand
Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, ...
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the ...
Oil set for weekly loss as global conflicts ease, signs of glut emerge
Oil prices managed small gains on Friday (Oct 17) but were headed for a weekly loss of nearly 3 per ...
Oil settles flat amid Opec+ output hike, supply glut fears
Oil prices steadied on Tuesday (Oct 7) as investors weighed a smaller-than-expected increase to the Organization of the Petroleum Exporting ...
China reshuffles soy trade to counter local glut and US tensions
China has long worried about its shortage of soybeans, solidifying its status as the world’s biggest buyer to the benefit ...
Hedge funds slash bullish oil bets as concerns of a glut grow
Published Sun, Aug 10, 2025 · 09:30 AM Hedge funds cut their bullish stance on US oil to the lowest ...
China’s coal pipeline risks creating glut, blowing climate goals
China’s proposed coal mine developments risk creating an oversupply and derailing climate goals, according to Global Energy Monitor (GEM). More ...
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