Energy · 6 views
The Global Oil Glut Returns as High Prices Crush Demand
What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… The global crude oil market is moving back towards oversupply, according to…
AI Summary
Analysts at Goldman Sachs and JPMorgan say the global crude oil market is shifting back toward oversupply. They attribute the change to demand destruction caused by high prices, which has eased fears of a shortage. As a result, concerns about a growing glut are rising.
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