Supply Glut

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Global Markets Navigate Oil Glut, Yen Weakness, and Key Corporate Strategies
Stock Market News· 2025-09-29 08:08
Key TakeawaysBrent Crude is struggling to maintain the $70 per barrel mark, with forecasts suggesting further declines into 2026 due to a persistent supply glut and weakened demand.The USD/JPY currency pair extended losses, dropping 0.6% to 148.61, as the Japanese Yen gained amidst divergent economic performances between the US and Japan.Security services firm Verisure is targeting a substantial valuation of up to €13.9 billion in its anticipated Stockholm IPO.AstraZeneca (AZN) announced plans for a direct ...
OPEC+ leaves oil traders with a cliffhanger #opec #energy #shorts
Bloomberg Television· 2025-08-04 17:21
A tumultuous two years for global oil markets has come to an end, but traders are now left on a cliffhanger when it comes to OPEC's next move, and that move will help shape what you pay at the pump. We've now seen the last in what was a series of bumper production increases from OPEC plus that's led by Saudi Arabia and Russia. But delegates at the weekend privately emphasized that the next move could just as easily be a hike as a cut.Now, when it comes to consumers, of course, the more barrels in the market ...