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Daily Demand and Supply: Oil Glut

AKA Peak oil on opposite day: Global oil markets are flooded with cheap crude, and concerns about climate change are growing louder. The last thing the world seems to be craving is the discovery of new large oil and natural gas fields. But such fields have been found in the...
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Oil falls to fresh four-year low on supply glut

Business & Finance : Business Report

Brent oil dropped to a new four-year low below $82 (R914) a barrel, a fifth straight day of losses, as weak economic data from top energy consumer China intensified worries about demand as a global supply glut grows. ||| London - Br...

The Glut Of Empty Oil Tankers Is Growing At A Torrid Pace

Business & Finance : Business Insider: Money Game

The glut of empty oil supertankers is growing at a torrid pace, as tanker demand is falling substantially short of vessel supply: Hellenic Shipping News: There are 20 percent more very large crude carriers, or VLCCs, for hire over t...

Oil prices slip on ample supply

Business & Finance : Business Report

Crude prices extended losses Friday as global supply glut weighed on the market. ||| NEW YORK - Crude prices extended losses Friday as global supply glut weighed on the market. Light, sweet crude for April delivery lost 1.15 U.S. do...

Brent crude slides as supply glut comes back to the fore

Business & Finance : Business Insider: Money Game

By Libby George LONDON (Reuters) - Brent crude oil prices lost ground on Tuesday, trading at their lowest level since early February, as concerns over a growing supply glut mounted. Analysts said that rising U.S. crude oil stocks, a...

Oil Rallies as Hopes Grow for Output Cut

Vehicles / Watercraft :

Oil rallied to four-month highs on Thursday, underpinned by a surprisingly large drop in U.S. inventory levels the previous day and by growing expectations for the world's largest producers to agree to cut supply. Brent crude future...


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