Tag: Glut
Oil Glut Will Prompt Faster Market Rebalance
The global oil market is currently facing an oversupply issue, with production outpacing demand. Despite this, major storage…
OPEC+ agrees to another output hike in November despite growing concerns of glut
U.S. benchmark West Texas Intermediate crude prices fell last week amid concerns of oversupply. - AFP/Getty Images OPEC+…
Crude Traders Split on Whether the Glut Has Arrived
For several months, discussions surrounding an impending oil surplus have dominated the market landscape. Recently, Bloomberg indicated that…
Oil Industry Braces for Glut and Investor Demands
The oil and gas sector is poised to face a challenging year as it strives to navigate the…
As the IEA Warns of an Oil Supply Glut, Make This 1 Trade Here
The December micro WTI crude oil (CLZ25) futures are currently presenting a compelling selling opportunity, especially in the…