TotalEnergies warns of oversupply risk as oil prices rise again

TotalEnergies has warned that global oil markets are tipping into excess supply, as Opec+ increases production while demand keeps weakening. The alert came Thursday from the company’s Q2 earnings call, where it laid out how Saudi Arabia and its Opec+ allies are adding barrels back into the system in an attempt to grab market share. […]

Source: cryptopolitan.com (Read Full Article)