The traders in] the market were already informed about OPEC's decision," Zangeneh said, adding and the countries that oversupply
the market must bear its aftermaths.
Crude oil, both Brent and WTI, has returned to the lows of the year as the intense focus on oversupply
continued to pressure the market, points out Ole Hansen, head (Commodity strategy) at Saxo Bank.
If stalled projects restart, the projected oversupply
at current production levels is a sobering narrative on future production growth
The report indicated that over the first half of 2015 oil oversupply
is expected to hit 1--1.
We are experiencing an obvious oversupply
in the market that needs time to be absorbed," he said.
is ongoing, (13) but the best solutions to oversupply
We believe that net yields will remain consistent, and that no significant change will come to this market while it is such a state of oversupply
," the report was quoted.
Noted property developer Nick Candy is the latest person to warn that central London's eye-wateringly expensive prime housing market, favoured by wealthy Arabs and Russian oligarchs, is at risk of oversupply
Neill acknowledged that while Abu Dhabi is currently suffering from a housing oversupply
, much of the stock currently on the market will likely be out of the price range of tenants affected by the change in legislation.
UAE's reputation as a safe and stable country amid the recent 'Arab Spring' is likely to have a positive impact on the construction sector despite the current oversupply
and cautious approach to new investments.
Retailers, manufacturers and consumers are set to benefit from a short-term plunge in salmon prices as global events have conspired to create oversupply
and cause wholesale prices to plummet.