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Oversupply

Oversupply latest

G7 Russia oil sanctions
December 6th, 2022 - 04:24 GMT

Oil climbs after Russian crude sanctions kick in

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China's COVID curbs bolstered the demand outlook. Brent crude futures had gained 85 cents to $83.53 a barrel by 0733 GMT. West Texas Intermediate crude (WTI) rose 68 cents to $77.62 a barrel. Crude futures on Monday recorded ...
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Will We Witness an Oversupply in the Oil Market in 2020?
December 16th, 2019 - 10:23 GMT

Will We Witness an Oversupply in the Oil Market in 2020?

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