Business
Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
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…
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glut
Business
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…
Business
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 The Middle Eastern oil market has…
Business
Oil falls as investors weigh potential supply glut, weak demand
Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the…
Business
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six…
Business
Oil settles at 5-month low as supply glut fears mount
Oil prices settled at their lowest since early May on Monday as investors weighed a potential global glut, with US-China trade tensions…
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Oil settles down 1.5% on US-China trade tensions, IEA warning of glut
Oil prices fell on Tuesday, settling 1.5 per cent lower as the International Energy Agency warned of a huge supply glut in 2026, and as…
Business
Oil settles flat amid Opec+ output hike, supply glut fears
Oil prices steadied on Tuesday (Oct 7) as investors weighed a smaller-than-expected increase to the Organization of the Petroleum…
Business
China’s solar leader looks away from Sun to solve grid glut
China’s top province for solar panels plans to accelerate the development of other renewables as well as battery storage, as it seeks to…
Business
China reshuffles soy trade to counter local glut and US tensions
China has long worried about its shortage of soybeans, solidifying its status as the world’s biggest buyer to the benefit of farmers from…
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China’s coal pipeline risks creating glut, blowing climate goals
China’s proposed coal mine developments risk creating an oversupply and derailing climate goals, according to Global Energy Monitor (GEM).…
Business
China’s 1.2 trillion yuan mega-dam project lifts metals markets, but not a quick fix for glut
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…
Business
China’s 1.2 trillion yuan dam project lifts metals markets, but isn’t a quick fix for glut
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…
Business
After petrol, China’s oil refiners face a jet fuel glut
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with…
Business
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…