supply glut
Coverage of supply glut in the Nexus archive.
- Where Does Oil Go Next After the Hormuz Crisis?
Samantha Dart from Goldman Sachs discusses potential oil price developments due to escalating conflict in the Strait of Hormuz and warns of a supply glut even if supply interruptions are resolved.
- World shares are mixed, with South Korea's Kospi down nearly 8% on a sell-off of chip shares
World shares were mixed as South Korea's Kospi index fell nearly 8% due to a sell-off in chip stocks, with SK Hynix and Samsung Electronics dropping significantly. Concerns over potential supply gluts in AI and tech sectors weighed on markets, while European benchmarks rose. Oil prices declined amid Iran-U.S. negotiations.
- 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.