OPEC expects oversupply in oil market as soon as December

OPEC expects an oversupply of oil as early as December following a period of caution from members and allies despite the rising oil price.

Photo: Dado Ruvic/Reuters/Ritzau Scanpix

BY MARKETWIRE

The Organization of the Petroleum Exporting Countries (OPEC) doesn't want to see the economy upturn ruined by a shortage of oil.

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OPEC expects oversupply in oil market as soon as December

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Oil declines as Biden faces mounting calls to release crude from US oil reserves

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Oil steadies near seven-year high as OPEC+ sticks to output plan

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Front page now

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs