Oil posts weekly loss on oversupply concerns
IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next ...
Tag: oversupply
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing ...
China’s top airlines post losses, hit by slow international travel and domestic oversupply
CHINA’S leading state-owned airlines posted losses in the first half of the year, weighed down by a slower-than-expected international travel ...
China’s state planner warns intensified EV price war on oversupply
CHINA’S state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of ...
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