Dossier
oil overhang
Coverage of oil overhang in the Nexus archive.
- OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens
OPEC's chief dismisses the IEA's forecast of a supply glut, citing the reopening of the Strait of Hormuz. The IEA warned that resolving the conflict could lead to increased supply volumes and a major oil overhang next year.