Macquarie: The global oil market is expected to face "severe oversupply" by 2025.

According to the McKinsey supply and demand equilibrium forecast, the oil market will face a serious supply surplus in the next five quarters, triggering a situation similar to a 'price war', and oil prices may fall to around $50 per barrel.

wallstreetcnSep 13 09:50 ET

Oil on Track for Weekly Gains After Global Benchmark's Dip Below $70 a Barrel

MarketWatchSep 13 07:22 ET

Demand expectations suffer another blow, WTI falls to a new low for the year.

This week (9.5-9.11), the overall crude oil price showed a downward trend. The average price of WTI this week is $67.72 per barrel, a decrease of $4.53 per barrel, or -6.27% compared to the previous week.

CME GroupSep 12 23:08 ET

Oil Futures Extend Recovery From Lows -- Market Talk

WSJSep 12 09:37 ET

Crude Oil Extends Rebound Amid Concerns About Impact of Francine Tropical Storm on US Production

FXStreetSep 12 06:11 ET

Zhongtai Securities: The performance of the three major oil companies is impressive, and the fixed price supports the profit of Changsi.

The growth rate of the polyester filament industry is expected to slow down significantly in 2024. According to the statistics of Zhongtai Securities, the industry is expected to only add about 0.95 million tons of capacity in 2024. Considering the shutdown/reduction and elimination of some facilities, the actual increase in production may be even lower, and the overall capacity of the industry may have already reached its peak.

Zhitong FinanceSep 11 23:43 ET