Is an oversupply of oil dangerous for the global economy? | DW News

Europe was buying from India what india was importing from Russia and refining ...the western world with the USA has become a joke 😅

Get it down to $10 a barrel like in 1998

3 minutes into this video and no
single word about WIND AND SOLAR . this can only be an outcam of ignorance !!!!!!!

Could it be that lower oil price will bring increased oil production of countries dependent on oil lowering the oil price even more ?

Surplus means no one needs to buy Rusisan oil.

Other producers preparing for when Russia falls off the market?

No but it's bad for the planet

There seems to be a lot of mixed messages from energy industry analysts. Other analysts point to the very rapid growth in electrification in China and developing countries (especially EVs) which will dramatically cut oil demand. This is worthy of discussion.

oh no, less money for NEOM and desert ice skating.

Nobody really knows what the global oil reserves are. All we know is that they keep pumping water into the oil fields as if there is no tomorrow. One day countries will scramble and start collecting dump sites to mine plastic in order to processes back into polymers.

The 'glut' is Russian oil that no one will buy due to incoming sanctions on the 21st of November. India, Turkey and even China are slashing their purchases of Russian oil. On top of that Russia's export terminals have been attacked as have their refineries. At some point Russia will be forced to shut in oil wells and those wells will not come back online without a lot of work and their production will fall below 9 mm bbl/day next year.

The sky is falling. We’re running out of oil.

Exactly what Trump is doing. It will force everything to drop in prices and kickstart innovation - good for everyone including renewables.

idiotic

Oversupply is a good thing for the global economy and for your every day person.

she's wrong, there is no growth in oil. not now in 2025.

Yeah, English is not my first language but if Saudia Arabia does not use oil for power generation rather send it to international market they can earn more profit according to her but they how will they power their country. Like as a nation won't I first think of personal consumption and then export the surplus. I don't get it?

Significantly lower oil prices would force many smaller oil companies to close their doors, perhaps the most affected would be American shale? Hard to work against global demographic changes along with the adoption of renewable energy sources while competing & cooperating globally.

The title is quite funny.
Nobody seems to care that we don't just run our global climate against a wall, we even accelerate full throttle by doing so.
I wonder when the rude awakening will come.
In a few decades the economy will not be relevant anymore but the pure survival will.

No.

Low oil and gas prices pose a threat to electric car manufacturers and the renewable energy industry.



Electric cars are too expensive. People won't buy them. Germany is counting on wind turbine sales to compensate for the closure of its car factories. They just need to increase the ETS carbon dioxide tax by 1000%, and it will be fine.

I'm old enough to remember "Peak Oil." 40 years ago the experts declared that we had already taken most of the oil out of the ground and it was going to get scarcer and scarcer from then in. 40 years later we're drowning in oil That's why I stopped listening to the "experts."

It's guaranteed that demand will peak in the next 5 years if it hasn't already. All the increase in energy demand in emerging markets will come from Chinese electrotech.

If oil price goes down $50 , a lot of small companies will shut down and the upstream will go down putting pressure on price again, besides that there's no institution which knows exactly what level it is, other wise they wouldn't nchenge it every week.

low oil price is good for everyone except some arab countries.

Trump only had the guts to sanction Russian oil because of the oversupply.

Oh great another, oh sanctions work, oh that country will buckle even though reports say otherwise.

Keep on dreaming cause thats free

This is not even news worthy !!!!

I'm here for the neo-malthusians' tears.

If renewables were a countery, considering energy as oil equivalents, at 35% effeciency, would they be bigger than Saudy Arabia?
Yes; And growing at an increasing rate.
Do you want to invest in expensive oil? Canada? Russia? Venezuela?

The assumption that China will abandon its policy of reducing its dependence on foreign hydrocarbons is crazy. And as China goes, so will the global south.

We already past peak oil, what comes after slowing growth is declining! Is not going back unless opec stop controlling the production and flow the market

Time to buckle up. Economy is very bad

It is not, the oil needs are getting smaller and smaller so this is just the future, there will be oil oversupply if we produce it at the same speed

EVs are coming and reducing oil consumption. OPEC countries know this and will try and to make money while they still can rather than cutting production. OPEC solidarity is finished.

Cheap oil is alway right. Best panacea to world inflation pressure. All other side-effects can be handled relatively easily.

Even After Sanctions India Is Still Buying Billions And Billions Barrels Of Russian Oil , Russian Gas And Russian Coal Through Effective Alternate Secret Way's . India Has Plenty And Plenty Of Oil Refinery's .

Very Soon India Will Shock The Whole Of Western World And Its People.

India Has Taken The Correct Step By Not Selling Russian Oil To Germany And People Of Germany Or Europe At Present .

Majority Indians Out Here In India Just Not Buying German Cars . VV Completely Kicked Out . Indians Don't Believe in German Cars We Believe Only In Indian , South Korean And Japanese Cars

Only 00.01% Indians Buy German Cars . Indians Do Not Trust The Quality Of German , Italian , : Czechoslovakian ( SKODA ) French And Swedish Cars . Volvo..

The word is overcapacity. Just impose 100% tariff on oil.

Its only bad for the elitist. 😂

In my opinion, the real question is how will oil regions stability revenue and employment as the global demand for oil declines as the global economy escalates the transition to low cost renewables, grid batteries and electric transport in the coming years?

What a load of communist BS- dw hate that trump is winning

Who say over supply U r wrong where we say to pay 150 rupees for 1 liter how the demand is over it is too much high supply should b more

China in one year has reduced its oil consumption by 5% and says it will continue to do so ?

Lower prices will kill fracking oil production where many wells are pumping more toxic water every day. Many wells are marginal at best. Like everything it's the cost of production