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READ: Potential oversupply for UAE residential market
Should local developers worry of a possible oversupply, say in the residential property market?
The problem that Opec faces, and will continue to face, is that increased inventories from nations that produce oil outside of the Opec and non-Opec member agreements, will offset the contribution that Opec is making to limit the oversupply in the market," Jameel Ahmad, Vice President of Corporate Development and Market Research at FXTM told Gulf News.
Rents are dipping in Reem Island and Corniche owing to an oversupply of residential villas and apartments.
Heitkamp is leading the effort this year because bean producers again face a challenging price environment due to low commodity prices and oversupply.
He said that oversupply has improved the bargaining position of buyers in the LNG market while sellers are on the weaker side which should be used in the national interests.
The traders in] the market were already informed about OPEC's decision," Zangeneh said, adding and the countries that oversupply the market must bear its aftermaths.
Oil prices rose in Asia but gains were capped by an International Energy Agency (IEA) report showing that the global crude oversupply will persist until next year.
Summary: Recovery in China's real estate sector slowed in October as fewer cities reported price increases, mainly due to continuing oversupply of homes.
Oversupply in the oil market continues to be a concern, says Hansen.
But Ang said the oversupply was unlikely to end soon due to strong production levels by the Organization of the Petroleum Exporting Countries (OPEC).
With the US now donning the role of the virtual swing producer of the world Goldman Sachs is of the view that a sharp drop in US oil rig counts has helped lift crude prices off their lows in recent weeks but would not slow production or alleviate oversupply.