{"id":23424,"date":"2025-09-15T19:46:06","date_gmt":"2025-09-15T19:46:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/23424\/"},"modified":"2025-09-15T19:46:06","modified_gmt":"2025-09-15T19:46:06","slug":"overview-risks-keep-prices-rangebound-in-oversupplied-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/23424\/","title":{"rendered":"Overview: Risks Keep Prices Rangebound in Oversupplied Market"},"content":{"rendered":"<p>August cemented the year\u2019s trend of rapidly growing supply \u2014 from both Opec-plus and countries outside the group. Crude oil production amounted to 79.2 million barrels per day, a large gain of 2.7 million b\/d over August 2024. Total liquids output for the month was 106.1 million b\/d, an increase of 3.2 million b\/d year on year and smashing the previous record. Supply growth is relentless and still incomplete \u2014 for there is more to come in the fourth quarter and next year. Opec-plus aims to keep opening the taps in October, albeit at a slower pace, while supplies from nonaligned countries such as the US, Brazil, Argentina and Norway are poised to continue growing, if not on a monthly then surely on an annual basis.<\/p>\n","protected":false},"excerpt":{"rendered":"August cemented the year\u2019s trend of rapidly growing supply \u2014 from both Opec-plus and countries outside the group.&hellip;\n","protected":false},"author":2,"featured_media":23425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,61,60,123],"class_list":{"0":"post-23424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ie","10":"tag-ireland","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/23424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=23424"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/23424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/23425"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=23424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=23424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=23424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}