News
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 glut, while also keeping an…
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glut
News
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 0.9…
Business
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 market has…
News
The Government’s Shameful Stake in the Gambling Glut
State governments shouldn’t profit from gambling addiction. Source link
Business
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, the…
Business
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 next six…
News
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 cent after the IEA forecast a growing…
Business
Oil settles flat amid Opec+ output hike, supply glut fears
China is building oil reserve sites at a rapid clip as part of a campaign to boost stockpiles, according to public data, traders and…
Business
China’s solar leader looks away from Sun to solve grid glut
China’s top province for solar panels plans to accelerate the development of other renewables as well as battery storage, as it seeks to…
News
Hedge funds slash bullish oil bets as concerns of a glut grow
Hedge funds cut their bullish stance on US oil to the lowest since mid-April as rising US crude inventories and Organization of the…
Fashion
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).…
Business
China’s 1.2 trillion yuan mega-dam project lifts metals markets, but not a quick fix for glut
China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn its…
Business
After petrol, China’s oil refiners face a jet fuel glut
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with…
Business
China likely to ditch low-grade coal from Indonesia due to glut
CHINA is likely to cut imports of the lowest grades of coal as a glut of the fuel makes the trade uneconomic and the government tightens…