Oil prices in the region are falling amid surplus fear with OPEC+increases

Oil prices in the Middle East have negatively affected by the fear of an imminent surplus in the offer, with the “OPEC+” coalition ahead in the implementation of its strategy to restore its market share, and demand for Chinese refineries has dropped. Marban, the most important Abu Dhabi Raw, saw the difference between the immediate prize and his counterpart for decades the next month, on Monday, and this year, and it did not fall within the unusual cases where a price difference appears as a result of the approaching contract for contracts. This falling pattern is usually considered a sign of increased offer. The falling pressure is also clearer in the actual offer price that will be handled later in the year, as the top crude of Zakum was sold in December in December with a discount of about 20 cents for the official selling price this week, compared to ten cents last week, according to market participants, they asked not to reveal their identity because they were not authorized to speak the media. Anxiety over the surplus offer is likely to increase the “OPEC+” production coalition in November, to continue to repair the suspended supplies on the market, despite the warning of “Wall Street” and the international energy agency of the possibility of an imminent exhibition. Brent and Western Texas Western Tussy contracts fell by more than 3%. Also read: Energy Agency: A standard plus that threatens the oil markets in 2026, but there are strengths in the market, the price difference between the futures for the bubbles and Oman is still delivered after two months and 3 months is relatively strong, with the difference between my two -year price reaching a bit of one doll per vaatjie. But the decline in term prices for the next month – which concentrates the largest liquidity in the market – emphasizes concerns about the imbalance between supply and demand. The size of the so -called “oil oil”, which includes floating storage facilities and ships that carry crude oil, is currently 170 million barrels, which represent an increase from the same period last year, and although the amount of this period drops in the period, they have increased instead, according to Brian Lesen, the global strategy of RBC Capital). China’s request for oil Lesen added that “the markets transferred by the sea into the sea in many regions that look saturated with supplies, and this flow to other regions should be directed. Especially because China is no longer the buyer who absorbs all the surplus at the beginning of the fourth quarter.” Also read: China’s accumulation of oil reserves confuses the accounts of traders in Singapore. China’s purchase of oil to increase strategic reserves is expected to accommodate part of the supply surplus, but it is expected that the demand from the refinement companies in the country will decrease as a result of maintenance work and the failure of Beijing to import categories, which will usually receive the refinement companies during this year, but no shares have been awarded. In addition, Opec and its allies have great competition in Asia, the region to which relatively large amounts of oil flow from countries such as the United States, which print prices in the Middle East, leading to what customers describe as a likely accumulation of consignments this month.