Oil Price Structure Flashes Fears of Oversupply
The oil price structure has started to slowly shift as prompt futures premiums are softening compared to later-dated contracts, signaling that the market believes supply would be plentiful as soon as peak summer travel season ends. The rise in supply from OPEC+ producers, as well as from Latin America and Europe, has eased the backwardation…
August 14, 2025 • News
