Tag: oversupply
Brent spreads signpost long road to rebalancing: Kemp
IEA says “if OPEC sticks to its new target, the market’s rebalancing could come faster” By John Kemp LONDON, Oct 21 (Reuters) – OPEC’s agreement on an new production target has been followed by a bout of renewed optimism about the rebalancing of the oil market. But there are so far few signs of imminent rebalancing in the […]
Refinery runs may boost products oversupply – Platts
Unplanned issues at Gulf Coast refinery could provide some support to spot product prices if supply is curtailed significantly With U.S. refinery runs eyeing the 17-million-barrel-per-day (b/d) threshold this week, any resulting drop in the country’s crude inventories will likely be converted into product stock builds, exacerbating the persistent oversupply that has weighed on oil markets, […]
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