glut
Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
[HOUSTON] Oil prices settled more than 2 per cent lower on Friday (Dec 26) as investors weighed a looming global supply glut, while also keeping an eye on a...
Oil posts second weekly decline as glut concerns dominate
OIL declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply. West Texas Intermediate gained 0.9 per cent to settle above US$56 a barrel...
Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026[SINGAPORE] The Middle Eastern oil market has weakened in recent weeks on concern that...
China’s 1.2 trillion yuan mega-dam project lifts metals markets, but not a quick fix for glut
[SINGAPORE] China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn its protracted timeline and China’s construction downturn will...
China’s 1.2 trillion yuan dam project lifts metals markets, but isn’t a quick fix for glut
[SINGAPORE] China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn that its long timeline and China’s construction downturn...
China likely to ditch low-grade coal from Indonesia due to glut
CHINA is likely to cut imports of the lowest grades of coal as a glut of the fuel makes the trade uneconomic and the government tightens up on carbon...
Oil prices fall on supply glut fears despite Opec+ output cut extension
OIL prices fell by more than 1 per cent on Friday (Dec 6) and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite...
US warns against Nippon merger with US Steel, citing China steel glut
NIPPON Steel’s proposed US$14.9 billion takeover of U.S. Steel would create national security risks because it could hurt the supply of steel needed for critical transportation, construction and agriculture...
