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Tag: oversupply
Oil drops towards $58 on oversupply
2015-02-24 01:00:00| Offshore Technology
The price of Brent crude oil declined towards $58 a barrel today as industry data is anticipated to reveal excess in US inventories because of ample supply.
Tags: oil
drops
oversupply
oil drops
Oil drops below $60 amid US oversupply concerns
2015-02-23 01:00:00| Offshore Technology
The price of Brent crude oil prices has dropped below $60 a barrel due to concerns about oversupply in North America.
Oil prices decline amid crude oversupply and increasing demand concerns
2015-02-04 01:00:00| Offshore Technology
Oil prices slipped to around $57 today due to increasing demand concerns caused by weak data from China.
Tags: prices
increasing
oil
demand
Oil increases above $48 a barrel despite growing oversupply risks
2015-01-21 01:00:00| Offshore Technology
The price of Brent crude oil increased above $48 a barrel today despite analysts warning of dim outlook due to oversupply and rising inventories.
Tags: growing
oil
increases
risks
Brent declines below $49 a barrel amid global oil oversupply
2015-01-12 01:00:00| Offshore Technology
Oil prices declined below $49 on Monday as Goldman Sachs cut the three-month forecast of Brent to $42 a barrel.
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