# Global oil market may face oversupply in foreseeable future, US Treasury chief says

https://mins.news/en/item/50771

- TASS, 2026-09-09 04:52 UTC
- Economy
- Original: https://tass.com/world/2184563

> 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.