#oversupply — FinScans

News 🏭 Commodities

Global Oil Market Returns to Surplus as Demand Destruction Weighs on Prices

November 6, 2026 (5 days ago)

Analysts at JPMorgan and Goldman Sachs report a return to oil market oversupply as high prices erode demand, effectively cooling the deficit…

USOIL UKOIL

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News 🏭 Commodities

July 13, 2026 (121 days ago)

UAE's 80% production jump threatens OPEC+ cohesion, sending crude prices tumbling on oversupply fears and reviving memories of the 2020 price war.

USOIL UKOIL USD/CAD

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News 🏭 Commodities

July 1, 2026 (132 days ago)

Goldman Sachs forecasts an oil market oversupply by late 2026 due to surging non-OPEC output and weakening demand, threatening to push Brent…

USOIL UKOIL XLE +2

May 13, 2026 (182 days 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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