Oil Drops as Larger OPEC+ Supply Increase Raises Glut Concerns
Oil declined after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs…
Tag: Glut
China Expands Its Coal Exports and Shrinks Imports Due to Glut
China’s coal glut is resulting in an increasing number of unwanted cargoes being offered abroad. www.bloomberg.com #China #Expands #Coal #Exports…
Oil Extends Drop as US Stockpile Build Amplifies Glut Concerns
Oil extended a decline as higher US crude stockpiles reinforced worries about an oversupplied market, with geopolitical concerns also in…