oil oversupply

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OPEC Output Cuts Cloud Iran Outlook
2017/08/30 17:08
EghtesadOnline: Iran's oil minister said on Monday the country's crude oil output is notably below the levels it should be, but acknowledged that OPEC-led efforts to cut supplies and ease a persistent oversupply may undercut Iran's production plans in the long run.
Oil prices fall on concerns of oversupply as Libyan output recovers
2017/08/23 08:52
EghtesadOnline: Oil prices fell on Wednesday, weighed down by concerns of oversupply as Libyan output improves and as U.S. gasoline inventories rose despite the peak summer driving season.
Industrials Push Rebound in U.S. Stocks; Oil Gains
2017/07/01 08:51
EghtesadOnline: U.S. stocks closed up Friday buoyed by increases in the industrial and consumer discretionary sectors, while European shares reversed earlier gains and turned lower. Oil continued to climb as concerns about an oversupply faded.
Crude Slides Into Bear Market as Oversupply Distress Deepens
2017/06/21 07:39
EghtesadOnline: Oil entered the first bear market since August as concerns worsen that OPEC is failing to ease a global supply glut.
Oil prices fall as hopes of production freeze fade
2016/08/25 13:22
EghtesadOnline: Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.
Oil prices fall as analysts say market still oversupplied
2016/08/23 10:01
EghtesadOnline: Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.
Oil falls as August price rally seen overblown, China fuel exports jump
2016/08/22 12:59
EghtesadOnline: Oil prices fell on Monday as analysts doubted upcoming producer talks would rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-percent crude rally looks overblown.
Oil prices fall on doubts producers can agree output restraint
2016/08/17 13:04
EghtesadOnline: Oil prices fell away from 5-week highs on Wednesday as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.