Oil on tankers hits highest level in two years amid production ramp-up

World may be heading for period of oversupply, analysts warn

Ras Tanura in Saudi Arabia is the world’s largest oil export terminal. — Ras Tanura in Saudi Arabia is the world’s largest oil export terminal.Photo: SAUDI ARAMCO

Gary Dixon

TradeWinds correspondentLondon

Published 9 October 2025, 09:52Updated 9 October 2025, 10:34

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