Along with Opec's report, the International Energy Agency also released their monthly report last week in which they also pointed to an oversupply
in the oil market in 2020.
"We will not achieve that if we continue to have an oversupply
of car parks in the city centre."
In the retail property market, prime rents stagnated at US$5.1( Sh510 /sq ft/month, as the segment adjusted to the existing oversupply
in some locations.
In Colorado and Washington, the first two states to have legalized recreational weed in 2012, rampant oversupply
from licensed growers led to a precipitous decline in the per-gram price of marijuana.
The risk of undersupply and/or oversupply
due to dual use of VA and Part D drug benefits may be especially high among complex patients with multiple conditions, who have increased needs for medications and specialty care, but reduced functional and cognitive capacity to navigate multiple health care systems.
Earlier, PDEA Director General Aaron Aquino was quoted saying that the oversupply
of shabu led to the reduction of price especially in Metro Manila.
The DA director admitted that there has been an oversupply
of tomatoes for the past three months even in other regions.
"We observe oversupply
of petrol after completion of modernization of oil refineries, mainly of RON 92 petrol.
In the meantime, Taiwan's Council of Agriculture (COA) also made an effort to offset massive oversupply
resulting from better-than-expected weather and unreasonable low prices, such as doubling export volume to Japan, the Middle East, and other overseas markets, and partnering with local hyper- and supermarket chains to drive demand with sales promotions.
The completion of the Tun Razak Exchange is also set to worsen the oversupply
should demand remain soft, Sarkunan warned.
With demand for property stabilising over the past year, Dubai's real estate market has faced increasing concerns of oversupply
as competition among developers continues to grow, according to a UAE-based developer.
Redundancies and an oversupply
of housing units are cited as the main reasons.