In 2017, QNB expects the remaining moderate excess supply
in the market to be completely eliminated despite higher supply from virtually all the major global producers.
The excess supply
in the market is likely to ease over the coming quarters,' Opec said in the report, resulting in 'a more balanced oil market toward the end of the year.
Crude inventories in the United States, at a record high in April, are expected to decline in weekly supply reports due later on Tuesday and on Wednesday, which would support the view that excess supply
The overall reduction in excess supply
should result in oil prices averaging $41/b in 2016.
If this scenario manifests, the excess supply
in the market is likely to be reduced to 0.
The excess supply
condition for key commodities is expected to linger at least in the first half of 2016.
Vacancy rate in the office space market is on the rise as supply hits its peak of 870,000 square meters by next year, but this is no cause for worry of possible property bubble as excess supply
can be met in 2017-2018, a property management consultancy services firm said.
Developing an LNG export option for South Pars, as well as the possible boost to Egyptian shipments from Eni's new field, will add to the excess supply
from rising production from the United States, East Africa and the East Mediterranean, the analysts wrote.
There is an additional pressure from excess supply
in the market and along with market is also anticipating more supplies from Iran," said Pradeep Unni, senior relationship manager, Richcomm Global.
We want to live" -- was perhaps a little ambitious in its aims, despite the massive drop in the price of oil, and the excess supply
of many products.
Lakkotrypis said the multibillion euro (dollar) facility that would convert the gas into liquid for easier transport remains the best option for Cyprus to export excess supply
, but its construction depends on additional gas quantities being found.
By adding LA Ash's assets to its operations, Headwaters will instantly reinforce its presence along the Gulf Coast, president Bill Gehrmann said, pointing out that Headwaters has excess supply
of CFB ash while LA Ash's existing client base is demanding more product than the firm can supply.