Warnings of worse to come loom over oil's big week in London
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
London
AS THE oil industry gathers in London for its annual round of cocktails and conferences one message is coming through loud and clear: The worst of the price slump isn't over.
Crude is trading close to US$30 a barrel after falling to a 12-year low last month, but production is still taking longer than expected to decline and record oil stockpiles just keep on growing, according to bankers, traders and executives attending the IP Week conference. There are few signs that prices will rise, and plenty of risk they will drop further.
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
