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Tag: oversupply
Oil prices trade at seven-month lows pressured by oversupply
2017-06-20 01:00:00| Offshore Technology
Oil prices have marginally recovered after slipping to nearly seven-month lows on reports of an increase in supply that negated the production-cut initiative by OPEC and other producers.
Restart of $50bn Kashagan project adds to global oversupply, says GlobalData
2016-10-24 01:00:00| Offshore Technology
Restarting the long-awaited $50bn Kashagan project has added to the global oversupply due to an increase in production, according to a report by GlobalData.
Tags: project
global
adds
restart
Oil prices remain steady ahead of OPEC meet to discuss curbing oversupply
2016-09-26 01:00:00| Offshore Technology
Oil prices have remained steady as major oil producers across the globe gathered in Algeria to discuss a production freeze deal to help the oversupplied market.
Tags: meet
prices
discuss
remain
Oil prices drop due to oversupply
2016-08-25 01:00:00| Offshore Technology
Oil prices have dropped due to excess supply, and no sign of a freeze in production.
Oil prices decline as oversupply concerns outweighed expectations of producer action
2016-08-09 01:00:00| Offshore Technology
Oil prices have dropped below $45 a barrel as worries about oversupply outweigh hopes of producer action to increase prices.
Tags: action
prices
oil
concerns
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