EconomyGlobal oil market may face oversupply in foreseeable future, US Treasury chief says
US Treasury Secretary Scott Bessent said the global oil market could become oversupplied in the foreseeable future. He said the timing was uncertain, citing developments involving Venezuela, a possible end to the Russia-Ukraine war, normalization in the Middle East and the possibility of OPEC falling apart.
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TASS★★★☆☆2026-09-09 04:52Original
Global oil market may face oversupply in foreseeable future, US Treasury chief says