[ad_1] SINGAPORE (Reuters) – Oil prices tumbled to their lowest since late 2017 on Friday in a stormy trading climate, penalized by an emerging surplus of crude supply and a worsening economic …
Read More »Oil fears overabundance of supply, but expected cuts to OPEC provide support
[ad_1] SINGAPORE (Reuters) – Oil prices resumed their downtrend on Friday, fueled by fears that oil producers will produce more oil than needed in a sluggish economic climate. PHOTO: A pump jack …
Read More »Oil bounces after slide of previous session overabundance concerns persist
[ad_1] NEW YORK (Reuters) – Oil prices rose nearly $ 2 a barrel on Wednesday, rebounding from the lowest levels in months after US government data showed strong demand for refined fuel. …
Read More »Oil bounces after slide of previous session overabundance concerns persist
[ad_1] NEW YORK (Reuters) – Oil prices rose nearly $ 2 a barrel on Wednesday, rebounding from the lowest levels in months after US government data showed strong demand for refined fuel. …
Read More »Oil bounces above $ 63 after slippage, but overabundance lingers
[ad_1] LONDON (Reuters) – Oil surpassed $ 63 a barrel on Wednesday to recover some of the 6% drop recorded the day before, amid reports of an unexpected decline in US inventories. …
Read More »Brent plummets as investors fear a new overabundance
[ad_1] NEW YORK (Reuters) – Brent crude futures fell on Monday, under pressure from a growing supply, but corroborated by an announced US oil inventory withdrawal, possible sanctions from the Union. European …
Read More »The weakening of Asian economies and the record supply threaten to create an overabundance of oil
[ad_1] SINGAPORE (Reuters) – Oil traders' worries over record supplies in Asia, as prospects for its key growth economies weaken, have led to a decline in global benchmarks for crude since early …
Read More »Saudi Arabia will cut its oil reserves despite signs of a new overabundance
[ad_1] OPEC and its allies will meet in Vienna on December 6 and 7 to decide on the production policy for 2019. Photo: Reuters Moscow / London / Abu Dhabi / Dubai: …
Read More »US oil enters a bear market due to rising inventories and overabundance of supply
[ad_1] Oil prices in the United States slid for a ninth consecutive session on Thursday, reaching an eight-month low and entering a bear market amid worries about rising global output and signs …
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