#oversupply

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🏭 Commodities BRENT 📉 Bearish

North Sea Oil Fetches Discount for First Time During Iran War

May 13, 2026 (2 hours ago)

North Sea oil flipped to a rare discount during the Iran conflict as oversupply and weak demand eclipse geopolitical risk, hitting Brent…

▼ Strong North Sea output combined with weak Asian refinery demand pushed differentials negative.

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