OPEC+ agrees to another output hike in November despite growing concerns of glut
OPEC+ on Sunday agreed to increase crude production in November by another 137,000 barrels a day, despite rising concerns of…
Tag: Glut
Middle East Oil Prices Slide as OPEC+ Supply Fans Glut Concerns
Oil prices in the Middle East are starting to show the strain from concerns over a looming surplus, as OPEC+…
Oil Industry Braces for Glut and Investor Demands
The oil and gas industry is in for a tough year ahead, as it must balance financial discipline, shareholder returns,…
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…
Oil Traders Zero In on China’s Crude Buying as Glut Gets Closer
As the oil market moves closer to a long-anticipated glut, traders are closely watching buying from China to see if…
Petrobras’s Answer to Global Oil Glut Is Pumping Even More Crude
Brazil’s state-controlled energy company has a simple formula for steering through the current oil market glut: pump more crude. www.bloomberg.com…
Natural M&M’s and Skittles Add to the Sugar Glut
Mars said it will make new, naturally hued candies—but the artificially colored ones will stay on the market, too. www.bloomberg.com…
China Stock Gauge Set for Decade High Driven by Savings Glut
A gauge of Shanghai-listed stocks is set for its highest close in a decade, as cash-rich local investors plow into…
BlueScope FY Earnings Weighed by Global Steel Capacity Glut
BlueScope Steel Ltd.’s full-year underlying profit falls 51%, as a surplus of global steel capacity continued to weigh on prices…
China Reshuffles Soy Trade to Counter Local Glut and US Tensions
China has long worried about its shortage of soybeans, solidifying its status as the world’s biggest buyer to the benefit…