Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Crude Traders Split on Whether the Glut Has Arrived
Economy

Crude Traders Split on Whether the Glut Has Arrived

Last updated: October 7, 2025 9:20 am
Share
Crude Traders Split on Whether the Glut Has Arrived
SHARE

For several months, discussions surrounding an impending oil surplus have dominated the market landscape. Recently, Bloomberg indicated that the first hints of oversupply might be surfacing, with millions of barrels of Middle Eastern crude remaining unsold in the latest spot market cycle. However, some experts contend that fears of a glut may be unfounded, especially with winter approaching and the accompanying demand for heating supplies.

The last spot market cycle saw between 6 million and 12 million barrels of Middle Eastern crude go unsold, as reported by Bloomberg on Thursday, referencing traders’ insights. This situation might point to the much-anticipated oversupply, particularly as Indian and Chinese buyers apparently hesitated to purchase the available cargoes.

Furthermore, the report highlighted a flattening futures curve for the Abu Dhabi Murban blend, which previously exhibited a bullish trend but has recently softened, indicating either a potential oversupply or decreased demand for that specific type of crude. Moreover, refiners are anticipating a price hike from Saudi Arabia for crude supplied to Asia, which contradicts the notion of a glut and suggests robust demand for oil.

Related: OPEC+: Reuters Leaks on Oil Plans Again

Additionally, the backwardation observed in the November-December crude spread at the close of September stood at $1 per barrel, as noted by Price Futures Group’s Phil Flynn in his report cited by Investing.com, countering widespread forecasts for an imminent oil surplus.

Separately, Flynn described the current scenario as being in “oil purgatory,” explaining that “Oil prices are confined within a purgatory-like trading band that OPEC appears intent on maintaining—high enough to ensure profitability, yet low enough to pressure US shale producers.”

See also  Summer House's Lexi Wood Talks Jesse Solomon Split After Season 9

He also noted, “Rumors of increased OPEC production were swiftly denied by the organization, but the timing of such leaks raises questions about their intent, especially at price points that could potentially revive US shale.”

Vanda Insights’ Vandana Hari remarked that the market is not “perceiving the glut, and it’s not manifesting in the physical market … it’s an overstatement,” adding that, “Should China persist in stockpiling, which I anticipate, it indicates demand growth and presents a bullish outlook.” Hari also highlighted the seasonal increase in fuel oil demand as the Northern Hemisphere embarks on the heating season.

In addition, recent restrictions imposed by Russia on fuel exports further challenge the glut narrative. Moscow announced an extension of its gasoline export ban until the year’s end and reiterated restrictions on diesel exports, as Deputy Prime Minister Alexander Novak previously indicated. These measures are perceived as a response to attacks on Russian refineries and suggest a future tightening of fuel supply in global markets.

TAGGED:ArrivedCrudeGlutSplitTraders
Share This Article
Twitter Email Copy Link Print
Previous Article Diddy’s Party Life Is Over, Prison Time Likely a Blessing, Dr. Drew Says Diddy’s Party Life Is Over, Prison Time Likely a Blessing, Dr. Drew Says
Next Article Samsung Galaxy phones might catch up with Google Pixel in one key way Samsung Galaxy phones might catch up with Google Pixel in one key way
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Here’s Why Microsoft Corporation (MSFT) Rallied in Q2

Columbia Threadneedle Investments, a prominent investment management firm, has released its second-quarter investor letter for…

September 25, 2025

One Piece Season 2 Release Date, News, Cast and Trailer

Another important character to look out for in season 2 is the mysterious and powerful…

August 11, 2025

Manchester City vs. Al-Hilal score: Saudi Arabian squad ousts English giant in thriller at Club World Cup

Al-Hilal Stuns Manchester City in Club World Cup Thriller In a stunning upset, Saudi Arabia's…

June 30, 2025

Mike Johnson Gives Away The DOGE Fraud Scam

PoliticusUSA is a platform that prides itself on being ad-free, corporate-free, and never bending the…

March 3, 2025

Exclusive: Father of rapper Mello Buckzz charged in federal gun case days after deadly mass shooting

The recent arrest of Melvin Doyle, the father of rapper Mello Buckzz, on federal firearms…

July 8, 2025

You Might Also Like

Nvidia Stock Got Rocked by AMD’s OpenAI Deal, But Wall Street Still Loves NVDA
Economy

Nvidia Stock Got Rocked by AMD’s OpenAI Deal, But Wall Street Still Loves NVDA

October 10, 2025
Geopolitical Risk Supports Gains in Oil Futures
Economy

Geopolitical Risk Supports Gains in Oil Futures

October 10, 2025
Exclusive-GM backtracks on plan to claim last-minute EV tax credits
Economy

Exclusive-GM backtracks on plan to claim last-minute EV tax credits

October 10, 2025
Crude Oil Prices Rally on Energy Demand Optimism
Economy

Crude Oil Prices Rally on Energy Demand Optimism

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?