#supplyglut
supplyglut
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UAE OIL EXPORTS HIT RECORD HIGH — STRUCTURE SHOWS SUPPLY OVERLOAD $OIL 🔥
Kpler and Vortexa both confirm a surge: UAE crude loadings reached 4M bpd in June, while exports hit 3.7M bpd — surpassing the 2020 price war peak. This is a structural increase in supply that breaks above the pre-war range of 3.1-3.3M bpd.
The data suggests liquidity is building on the offer side. If this level of production holds, it shifts the supply-demand balance toward a surplus. The market is pricing in a potential price response as the 4H structure shows distribution forming. Are you fading this supply shock or waiting for a re-test of support?
Not financial advice. Always manage your risk.
#OIL #CrudeOil #SupplyGlut #RecordHigh #Energy
🔥
Kpler and Vortexa both confirm a surge: UAE crude loadings reached 4M bpd in June, while exports hit 3.7M bpd — surpassing the 2020 price war peak. This is a structural increase in supply that breaks above the pre-war range of 3.1-3.3M bpd.
The data suggests liquidity is building on the offer side. If this level of production holds, it shifts the supply-demand balance toward a surplus. The market is pricing in a potential price response as the 4H structure shows distribution forming. Are you fading this supply shock or waiting for a re-test of support?
Not financial advice. Always manage your risk.
#OIL #CrudeOil #SupplyGlut #RecordHigh #Energy
🔥
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