News Muncher - searching for oversupply

1 week ago

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market. Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision. Most …

Global Market Oil Prices 2025 Crude Opec Brent

1 week, 4 days ago

JBS, Marfrig Shares Tumble as China Launches Beef-Import Probe

Live Mint

-- Shares of JBS SA, the world’s biggest meat company, and other Brazilian beef producers slumped on the news that China is starting a probe into its imports of the meat, which have surged in recent years. The Asian country, the world’s largest beef buyer, will decide if a surge in shipments from overseas has hurt the domestic industry, the …

China Exports Brazil Brazilian Jbs Beef Industry

Graduates must embrace AI revolution

China Daily

JIN DING/CHINA DAILY Employment is the most basic component of people's wellbeing. They should also strive to boost high-quality and full employment of graduates, who will face a more severe employment situation next year. On the one hand, China's employment market is facing prominent overall pressure and structural problems due to rapid demographic changes, economic restructuring, and in-depth adjustments in …

Job Employment China Market Talent Demand Ai

Graduates must embrace AI revolution

China Daily

JIN DING/CHINA DAILY Employment is the most basic component of people's wellbeing. They should also strive to boost high-quality and full employment of graduates, who will face a more severe employment situation next year. On the one hand, China's employment market is facing prominent overall pressure and structural problems due to rapid demographic changes, economic restructuring, and in-depth adjustments in …

Job Employment China Market Talent Demand Ai

3 weeks, 6 days ago

Grape growers in Australia's largest wine region plead for change at senate inquiry

ABC

Growers in Australia's largest wine grape growing region have made an emotional plea for the establishment of a mandatory code of conduct and warned that many will not make it to the 2026 vintage otherwise. Calls for the voluntary code to become mandatory follow an increasing number of producers leaving the industry after four years of wine prices sitting hundreds …

Wine Change Abc Grape Senate Inquiry Will Hunter Riverland

1 month ago

Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days

Live Mint

International crude oil prices fell by more than one per cent in the previous session to report a weekly loss after analysts projected a supply surplus next year on weak demand despite the Organisation of Petroleum Exporting Countries and its allies 's recent decision to delay the oil output hikes till April 2025 and extend the deep production cuts to …

China Oil Prices Crude Oil Prices Demand Cent Crude

1 month, 1 week ago

Kentucky attorney general targets another big pharmacy benefit manager in opioid-related lawsuit

Associated Press

FRANKFORT, Ky. — Kentucky’s attorney general has expanded an opioid-related lawsuit to target another big pharmacy benefit manager that he claims contributed to the state’s deadly addiction crisis. When it was sued in September, Express Scripts responded that it has long worked to combat opioid overuse and abuse and would “vigorously contest these baseless allegations in court.” Coleman initially filed …

Kentucky Drug Coleman Opioid Pharmacy Overdose Optum

1 month, 1 week ago

OPEC Has Little Room to Revive Oil Supply, Iran Official Says

Live Mint

-- OPEC has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the US shale industry, Iran’s representative to the group said. “This strategy in support of prices has effectively encouraged higher supply outside the group, particularly on the part of the US,” Iranian OPEC governor Afshin Javan said of the curbs …

Iran Opec Javan

1 month, 3 weeks ago

Oil Holds Near November Lows as Traders Brace for Crude Glut

Live Mint

-- Oil held near November lows, settling near $68 a barrel, as increasingly bearish fundamentals capped the session’s gain. In the physical market, a key supply gauge suggests a glut is coming sooner than expected, while timespreads in the futures market are flashing signs of oversupply. Also weighing on oil: OPEC cut its demand growth forecasts for a fourth consecutive …

Opec Supply Expected Physical Market

2 months ago

German carmakers suffering worst sales slump since lockdown

The Telegraph

The EU has imposed tariffs on imports of Chinese EVs after concluding that unfair subsidies from Beijing let the country’s manufacturers undercut Europe’s industry. However, German carmakers still face challenges from high energy costs and the need to fund the transition to electric manufacturing. German car part supplier Schaeffler earlier this week announced 4,700 redundancies, blaming weak demand and oversupply …

Germany German Mr Scholz Worst Sales

2 months, 2 weeks ago

On EU EV Tariffs, China Adopts a Divide-and-Conquer Strategy

The Diplomat

Spanish Prime Minister Pedro Sanchez made a four-day official visit to China from September 8 to 11. It’s no coincidence that, after these engagements, Sanchez urged the European Union to “reconsider” the imposition of tariffs on Chinese electric vehicles. The day after Sanchez publicly called for the European Commission to rethink the tariffs, China’s Foreign Ministry spokesperson Mao Ning praised …

Spain States Germany Vote Commission Chinese Beijing

3 months, 3 weeks ago

Govt may cut petrol and diesel prices if global prices remain low: Petroleum Secretary

Live Mint

Secretary at the Ministry of Petroleum and Natural Gas, Pankaj Jain, said on Thursday that oil companies will consider cutting fuel prices if crude oil remains low for an extended period. With the rise in fuel demand, India wants increased output from the Organisation of Petroleum Exporting Countries, its allies, and Russia, the Oil Secretary added. Global crude oil prices …

India Oil Prices Oil Prices Low Petrol Opec

5 months, 2 weeks ago

Billion-dollar Mitsubishi chemical plant economically questionable, energy group says

Associated Press

NEW ORLEANS — A $1.3 billion chemical production facility to be built in Louisiana by Japanese conglomerate Mitsubishi is economically questionable and unnecessarily increases greenhouse gas emissions, according to an energy think tank report released Monday. Mitsubishi Chemical Group would be capable of annually producing 350,000 tons of methyl methacrylate, or MMA, a chemical component found in cement, adhesives, textiles …

Production Chemical Report Facility Louisiana Plant Ieefa

5 months, 2 weeks ago

Market-oriented measures underlined for realty sector

China Daily

An aerial view of a housing project under construction in Hangzhou, Zhejiang province, in June. China's real estate market, with its vast scale and extensive reach, exerts a systemic influence on the country's macroeconomic performance, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, stressing the need to revitalize its stock …

Land Resources Property Market State Wang Real Idle

5 months, 2 weeks ago

Market-oriented measures underlined for realty sector

China Daily

An aerial view of a housing project under construction in Hangzhou, Zhejiang province, in June. China's real estate market, with its vast scale and extensive reach, exerts a systemic influence on the country's macroeconomic performance, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, stressing the need to revitalize its stock …

Market Land Resources State Wang Real Idle

5 months, 4 weeks ago

BHP to close Nickel West mines until 2027, blaming global oversupply of nickel

ABC

Mining giant BHP has announced it's putting its WA nickel mines on ice for at least three years, blaming an "oversupply in the global nickel market." In a statement on Thursday afternoon, BHP said it would begin suspending its operations at the Kwinana nickel refinery in Perth, the Kalgoorlie smelter and its major mines at Mt Keith and Leinster from …

Support Economic Indonesia West Operations Wilson Mines

5 months, 4 weeks ago

Wheat, corn recover after slide; soy hits 2020 low

Live Mint

By Heather Schlitz CHICAGO, July 9 - Chicago wheat and corn futures ticked higher on Tuesday after sharp declines on Monday, while most-active soybean futures closed at their lowest point in nearly four years, as expectations of ample supplies from northern hemisphere harvests hung over the market. Rains from Hurricane Beryl are expected to provide beneficial moisture across the U.S. …

Wheat Crop Low Corn Soy Cbot Futures Traders

5 months, 4 weeks ago

India may relax rice export restrictions to prevent domestic oversupply

Hindustan Times

India, the world’s top rice shipper, may relax restrictions on exports of some varieties to avoid a glut in the country before the new crop arrives in the market in October, according to people familiar with the matter. The authorities may also scrap a 20% tax on parboiled rice exports and impose a fixed levy instead to discourage under-invoicing of …

Rice India Export

6 months, 2 weeks ago

Trudeau may follow Biden in imposing import tariffs on Chinese EVs

Firstpost

“Chinese producers are quite intentionally generating a global oversupply that undermines EV producers around the world, including here in Canada,” Deputy Prime Minister Chrystia Freeland told reporters in Vaughan, Ontario, echoing concerns raised by the United States and the European Union Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public’s opinion about …

China Canada Chinese Ontario Chinese Evs Freeland Ottawa

6 months, 2 weeks ago

Canada considering tariffs on Chinese-made EVs

Al Jazeera

Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public’s opinion about the idea, Deputy Prime Minister Chrystia Freeland has said. On Monday, Freeland said the domestic car sector faced unfair competition from what she called China’s “state-directed policy of overcapacity,” and that Ottawa would open a 30-day public consultation period on July …

China Canada Chinese Ontario Freeland Ottawa

6 months, 3 weeks ago

Oil countries predict an oversupply of gasoline by 2030 – driving down prices at US pumps

The Independent

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Good news for drivers, …

Oil Gas Prices Demand 2030 Gas Prices Iea

7 months ago

Free trade deal with India set to be worth millions for Australian producers amid avocado oversupply

ABC

In short: Australia has begun shipping avocados to India. Nutritionist Kevita Devgan said the trade deal came at the right time with India's increasing focus on eating healthy "post COVID". Queensland avocado grower Daryl Boardman said exporting to India could help Australia's avocado producers. Avocado exporter Antony Allen said India could become Australia's biggest avocado importer within three years, overtaking …

Food India Australia Indian Fruit Indians Queensland

7 months, 2 weeks ago

Riverland wine growers united in rejecting contract buy-out amid industry uncertainty

ABC

In short: Hundreds of Riverland grape growers have rejected an offer to buy out their red wine contracts. The offer from multinational company Accolade Wines proposed buying out growers' red wine contracts at $4,000 per hectare. In April, regional industry body Riverland Wine proposed a government-funded exit package for growers that included a payment of $4,000 per hectare to remove …

Support Wine Contract Industry Members Offer Wines

8 months ago

How online shopping is saving the bricks-and-mortar store

Live Mint

Store owners once viewed e-commerce as a mounting threat to their survival. Kohl’s now fulfills more than a third of its online orders in stores, Walmart more than half, and Target nearly all its sales from its network of roughly 2,000 locations, according to the companies. The pandemic sped up the integration of online and in-store shopping, as mandated closures …

Retail Online Shopping Items Retailers Store Stores Dolan

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Search results for oversupply

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024

JBS, Marfrig Shares Tumble as China Launches Beef-Import Probe

Graduates must embrace AI revolution

Graduates must embrace AI revolution

Grape growers in Australia's largest wine region plead for change at senate inquiry

Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days

Kentucky attorney general targets another big pharmacy benefit manager in opioid-related lawsuit

OPEC Has Little Room to Revive Oil Supply, Iran Official Says

Oil Holds Near November Lows as Traders Brace for Crude Glut

German carmakers suffering worst sales slump since lockdown

On EU EV Tariffs, China Adopts a Divide-and-Conquer Strategy

Govt may cut petrol and diesel prices if global prices remain low: Petroleum Secretary

Billion-dollar Mitsubishi chemical plant economically questionable, energy group says

Market-oriented measures underlined for realty sector

Market-oriented measures underlined for realty sector

BHP to close Nickel West mines until 2027, blaming global oversupply of nickel

Wheat, corn recover after slide; soy hits 2020 low

India may relax rice export restrictions to prevent domestic oversupply

Trudeau may follow Biden in imposing import tariffs on Chinese EVs

Canada considering tariffs on Chinese-made EVs

Oil countries predict an oversupply of gasoline by 2030 – driving down prices at US pumps

Free trade deal with India set to be worth millions for Australian producers amid avocado oversupply

Riverland wine growers united in rejecting contract buy-out amid industry uncertainty

How online shopping is saving the bricks-and-mortar store