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Copper Pain Seen Not Deep Enough to Spur Cuts Needed to End Glut
2016-01-08 15:16:22| Footwear - Topix.net
Copper at $2 got the market's attention, but it will fail to spur big enough production cuts to reverse a glut of the metal. Futures, which Thursday traded below $2 for the first time since 2009, could drop as much as 25 percent more before the industry implements "meaningful" reductions in output, according to Kenneth Hoffman, a senior analyst of metals and mining at Bloomberg Intelligence.
Midwest Flooding Might Make the Oil Glut Worse
2015-12-31 03:32:46| Oil & Gas - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The worst flooding across the U.S. Midwest in four years has shut some oil pipelines and terminals near St. Louis, potentially swelling a glut of crude and extending this year's price slide.
Oil prices fall due to supply glut concerns and strong dollar
2015-12-17 01:00:00| Offshore Technology
Oil prices have dropped towards an 11-year low due to supply glut and strong dollar following an increase in interest rates by the US Federal Reserve.
Oil Falls to Lowest Since 2008 as OPEC Seen Fueling Supply Glut
2015-12-12 12:15:09| Energy - Topix.net
Oil declined to the lowest level since 2008 in London amid estimates that OPEC's decision to effectively scrap production targets will keep the market oversupplied. Brent futures declined as much as 2.1 percent for a sixth consecutive loss.
Oil Falls to Lowest Since 2008 as OPEC Seen Fueling Supply Glut
2015-12-11 16:02:13| Oil & Gas - Topix.net
Oil declined to the lowest level since 2008 in London amid estimates that OPEC's decision to effectively scrap production targets will keep the market oversupplied. Brent futures declined as much as 2.1 percent for a sixth consecutive loss.
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