Oil Glut Warning: Morgan Stanley Sees Prices Falling
Part of composite article Oil Crash Slashes Fuel Prices Worldwide: South Africa Cuts Petrol by 1.05 Rand, Indonesia Slashes LNG for Industry View full article →
Oil prices are on track for their biggest quarterly drop since the COVID-19 pandemic. The decline comes as shipping traffic through the Strait of Hormuz speeds up following progress on a peace deal. Morgan Stanley has now warned of a potential oil glut in the near future.