SUBSCRIBERS
Massive inventory hangover seen hurting oil market ahead
Published Tue, Jul 19, 2016 · 09:50 PM
London
THIS has not been the summer many oil traders had expected after last year's bumper profits.
Banking on more of the same, the world's refineries have churned out more diesel, petrol and jet fuel than eager drivers and holiday makers have been able to consume even over the summer travel season.
Fuel inventories in the…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
Gold edges down as Middle East worries ebb
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?