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Tag: glut
Epic oil glut gets worse
2016-03-23 18:48:29| Energy - Topix.net
U.S. oil stockpiles skyrocketed by 9.4 million barrels last week to 532.5 million barrels, according to figures released on Wednesday by the U.S. Energy Information Administration. That's roughly triple what analysts had been bracing for and adds to "historically high" inventory levels.
Oil prices fall as global supply glut offsets strong demand
2016-03-10 01:00:00| Offshore Technology
Oil prices have dropped after US crude hit three-month highs, with analysts warning that such gains may not be sustainable as oversupply concerns continue to outweigh strong demand.
Tags: global
prices
fall
strong
Fonterra cuts milk price forecast as glut persists
2016-03-07 22:54:13| Food - Topix.net
Four out of five dairy farmers in New Zealand will operate at a loss this season as the global slump in milk prices enters its third year. Fonterra Cooperative Group, the world's largest dairy exporter, cut its milk price forecast to a fresh nine-year low as oversupply continues to depress the global market.
Tags: price
milk
cuts
forecast
Oil prices ease as supply glut gloom overcomes bullish sentiment
2016-03-03 01:00:00| Offshore Technology
Oil prices have eased after a rise in US crude stocks and a lack of any action from oil producers to curb supply reduced some of the bullish sentiment in the market earlier this week.
Oil prices fall amid supply glut concerns
2016-02-25 01:00:00| Offshore Technology
Oil prices have dropped due to excess supply concerns amid a slowing global economy.
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