Hamad Hussain
@hamadhussain.bsky.social
Climate & Commodities Economist at Capital Economics | oil, gold and the green transition
The oil glut on water appears to be topping out at very high levels. While some of the increase is structural as sanctions distort trade flows, a large part of the surge was probably driven by increased OPEC+ exports still making their way to the market. Expect a chunky oil market surplus in Q4.
November 10, 2025 at 2:19 PM
The oil glut on water appears to be topping out at very high levels. While some of the increase is structural as sanctions distort trade flows, a large part of the surge was probably driven by increased OPEC+ exports still making their way to the market. Expect a chunky oil market surplus in Q4.