Oil Oversupply Risk Returns as Hormuz Flows Recover, Non-OPEC Exports Hit Record High, Vortexa Says
() -- The recovery in OPEC crude flows through the Strait of Hormuz, combined with record-high non-OPEC exports, is raising the risk of global oil oversupply, according to a report by Vortexa. Xavier Tang, a Vortexa senior market analyst noted that seaborne crude and condensate liftings through the strait increased for