Oversupply Fears Are Front And Center In Oil Markets

The threat of a potential crisis in the Middle East has apparently disappeared for oil traders, with revitalized fears of oversupply now taking center stage. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)- The EIA expects 42 gigawatts of new electricity capacity to come online in 2020, with solar and wind accounting for nearly 32 GW of that total, or 76 percent. – Wind alone accounts for 44 percent of expected new capacity. Solar represents 32 percent and natural gas 22 percent. The remaining 2 percent comes from hydro…