Philippines struggling with oversupply of 2 million kilos of mangoes

Philippines struggling with oversupply of 2 million kilos of mangoes

The Philippines is struggling with an oversupply of about 2 million kilograms of fresh mangoes, which authorities warned Monday could end up rotting if they go unsold in the next two weeks.

Oil extends gains as Saudi pledges export curbs

Oil extends gains as Saudi pledges export curbs

Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and Opec called on several members to boost compliance with output cuts to help to rein in oversupply and tackle flagging prices.

Oil prices slip as physical excess overpowers Opec

Oil prices slip as physical excess overpowers Opec

Oil slid back towards multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite Opec-led efforts to balance the market.

IEA sees oil markets slowly tightening after months of oversupply

IEA sees oil markets slowly tightening after months of oversupply

Oil markets will begin to tighten in the second half of 2016 but the process will be slow and painful as global demand growth declines and non-Opec supplies rebound, the International Energy Agency said on Thursday.

'Qatar can sustain hotel growth post 2022'

'Qatar can sustain hotel growth post 2022'

Qatar will not see an oversupply of hotels in the country and will still be able to maintain good occupancy levels even after the 2022 FIFA World Cup, a hotel executive has said.

US gasoline oversupply pushes crude oil prices lower

US gasoline oversupply pushes crude oil prices lower

US gasoline stocks remain stubbornly high despite record demand from motorists, a situation

Oil prices rise on Nigerian outages, Goldman forecast

Oil prices rise on Nigerian outages, Goldman forecast

Oil prices jumped over 2% on Monday on growing Nigerian oil output disruptions and Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

Oil falls as dark clouds appear ahead of producer meeting

Oil falls as dark clouds appear ahead of producer meeting

Oil fell on Thursday as the International Energy Agency trimmed its forecast for demand growth and on signs that a producers' meeting this weekend will not yield a concrete plan to reduce oversupply.

Oil prices fall on stronger dollar, further oversupply worries

Oil prices fall on stronger dollar, further oversupply worries

Oil futures fell in Asian trade as oversupply, a strengthening dollar and falls in regional stock markets all weighed on sentiment. But another fall in US oil output in January helped to limit the losses.