IEA projects continued oversupply of oil

The oversupply of oil is expected to continue throughout 2016, projects the International Energy Agency in its latest report.

BY NIKLAS KRIGLUND

A slowdown in the world economy and high production in OPEC countries means that the current oversupply in the oil market is expected to continue into next year, projects the International Energy Agency, setting the stage for more problems in the oil market in its latest monthly report.

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IEA projects continued oversupply of oil

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Norwegian oil crisis has reached cooks and cleaners

Analyst: Opec losing control over oil price

King of crude oil believes in continued tanker boom

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Front page now

Panama Canal once again limits the daily number of ships

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

Carriers go their separate ways on climate quotas

Russia takes more risks by increasing shipping on Arctic route

Everfuel and French fund to invest EUR 200m in hydrogen through joint venture

Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

Seven Seas: Customers' green ambitions and actions don't align

Further reading

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Carriers go their separate ways on climate quotas

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs