Oil Production & Supply - OPEC Plus increased oil production by 547,000 barrels per day in September [1] - Total phased-in increase since April is approximately 192% million barrels per day, close to the original target of 220% million barrels [1] - Increased supply puts downward pressure on crude prices [1] Market Dynamics & Demand - Lackluster US fuel demand contributes to downward pressure on crude prices [1] - Weak US jobs report intensifies expectations of weaker consumer and industrial demand for energy [1] - Tariff uncertainty hampers investment and potentially delays projects, especially in green energy storage and renewables [2] Potential Risks & Opportunities - Potential crude oil oversupply and more price weakness are possible [2] - Price weakness may offset some energy supply chain pressures caused by tariffs [2]

Market Trends - Investors speculate China is reining in oversupply of lithium [1]

Industry Challenges - Tariffs are negatively impacting the Irish whiskey sector [1] - The Irish whiskey sector is facing oversupply issues [1] - US demand for Irish whiskey is faltering [1] - The Irish whiskey sector is experiencing soaring costs for energy and labor [1]

Climate & Energy - China's proposed coal mine developments risk creating an oversupply [1] - The oversupply could derail climate goals [1] Source - The information comes from Global Energy Monitor [1]

Industry Trend - China made further headway in June in its bid to tackle oversupply of key industrial commodities [1] - Crude steel production leading declines in construction materials [1]

This week, oil executives and officials from some of the world's largest oil producers, countries like Saudi Arabia and Nigeria are gathering in Vienna, where OPEC, the Organization of the Petroleum Exporting Countries, is headquartered. We are coming off the most volatile period for oil in the last couple of years after that 12-day war between Iran and Israel. Volatility.You saw a massive geopolitical premium get priced into the oil curve. And here we are. Pretty much all of that geopolitical premium was w ...