The glut of oil on the market has driven prices down.
市场上石油的过剩导致价格下跌。
A glut of supply caused the price of computers to plummet.
供应过剩使得计算机价格骤降。
The housing market is currently experiencing a glut of properties for sale.
目前房地产市场待售房屋过剩。
The supermarket had a glut of perishable items that needed to be sold quickly.
超市里易腐食品过剩,需要尽快出售。
A glut of information can sometimes lead to confusion rather than clarity.
信息过载有时会导致混乱而非清晰。
The glut of graduates in certain fields has made finding jobs very competitive.
某些领域毕业生过剩,使得找工作竞争非常激烈。
After the harvest, there was a glut of apples which were then used to make cider.
收获后,苹果过剩,于是用来酿造苹果酒。
The glut of plastic waste in our oceans is a major environmental concern.
我们的海洋中塑料废物的大量存在是一个重大的环境问题。
Due to a glut in production, the company decided to temporarily halt manufacturing.
由于生产过剩,公司决定暂时停止生产。
The glut of content on streaming platforms makes it hard for new shows to stand out.
流媒体平台上的内容过剩使得新节目难以脱颖而出。
Zhou Lisha, who works with the research institute of the SASAC, said the government has been encouraging a realignment of the country's crowded steel market, aiming to better prevent a potential glut and cut carbon emissions in heavy industries, as well as produce more high value-added metal products.
国务院国资委研究机构的周丽莎表示,政府一直在鼓励国内拥挤的钢铁市场重新整合,旨在更好地防止潜在的产能过剩,减少重工业的碳排放,并生产更多高附加值的金属产品。这里的“SASAC”是“State-owned Assets Supervision and Administration Commission”的缩写,即国务院国有资产监督管理委员会。而“ Zhou Lisha”则是人名,“周丽莎”。整体来说,这段话在讲述中国政府对于钢铁市场的调整和优化,以达到防止产能过剩、减少碳排放以及提升产品附加值的目的。
Soaring demand for liquefied natural gas, the slow construction of pipelines to import more supply and the lack of gas storage facilities have contributed to the country's gas shortage in previous years, despite a global supply glut of natural gas.
液化天然气需求的飙升、进口更多供应的管道建设缓慢以及缺乏天然气储存设施,都是该国近年来天然气短缺的原因,尽管全球天然气供应过剩。
Shanghai-listed Magang said in an announcement published on Sunday that its controller, Anhui Provincial State-owned Assets Supervision and Administration Commission, agreed last Friday to transfer the 51 percent stake in Magang to China Baowu for free so it can develop on a larger platform and avoid a steel glut.
According to Reuters, the decline could increase concerns that a glut in the fuel market and higher oil prices could affect the leading refiner's performance.
"As the market has a glut of incubators, some small-scale ones are expected to get phased out in the future.
The Chinese government is currently enhancing property market regulation to ease home price surges in large cities while de-stocking supply gluts in small cities.
Southeast Asia has a shortage of refined oil products, which provides a great opportunity for Unipec as China is going through a glut in the sector, he said.
According to Jacobelli, many businesses are keen to invest overseas, motivated in part by China's national power glut, the result of new capacity outstripping demand.
Producers that experienced a yearslong crude oil glut do not look to be in a hurry to bail out consumers as demand rises.
He added that what is happening in the oil market is endemic of a supply glut that has "decimated most of the producers, including 50 percent of the shale players here in the United States, and it's also annihilated a lot of the investment that lost a ton of money during those six years in those same producers".
The May contract for US oil benchmark has turned negative for the first time in history, as the coronavirus pandemic decreased demand for fuel amid insufficient storage for the massive glut of oil.
Tang Sisi, an analyst with research firm BloombergNEF, also said lifting fuel export restrictions on non-State-owned refiners will help relieve the domestic supply glut as China gradually recovers from the COVID-19 demand shock.
The glut will be exacerbated in 2020 with the commissioning of Sinopec's 200,000-barrel-per-day Zhanjiang refinery, she said.
But in the context of broader structural changes in energy markets already characterized by high oil inventories and a glut of natural gas supply, this drop in demand may mark a fundamental tipping point for the petroleum industry," it added.
Both countries say they're willing to pump more crude, and that could create a worldwide glut of oil, driving prices down.
The result could be a glut of oil, further eroding prices.
Wang explained the drop in product price was because steel and iron supply has exceeded demand, resulting in a glut.
In China, the industry was confronted with a recession between 2012 and 2016 because of a glut.
However, the sector is facing rising costs, lukewarm demand and glut output of some low-end processing fields, the ministry observed.
There is widespread concern that the global market will face a supply glut in 2019, despite an agreement among OPEC members and other major oil producing countries, including Russia, to trim production this year.
Analysts anticipate tougher years for the battery segment amid a glut of capacity and the phasing out of subsidies for the sector.
Experts said that it is necessary to put a temporary stop on bringing more players into the new energy car-making sector, with glut risks accumulating.
[Photo/VCG]General Motors Co said a glut of used cars will return to market after their leases expire and drag on its finance unit this year, following similar warnings by peer Ford Motor Co and lenders such as Ally Financial Inc.
Though a chip glut emerged in some sectors, the automobile industry's demand for semiconductors still remained healthy, Xiang said.
Xiang指出,尽管部分领域出现了芯片过剩现象,但汽车行业对半导体的需求依然强劲。
A batch of AI startups such as Megvii, Cloud-Walk and Sense-Time are flourishing thanks to a glut of venture capital cash and the Chinese government's push for investments into AI.
"A price war between Saudi Arabia and Russia drove crude oil prices to their lowest level since the 1991 Gulf War as the two oil-producing nations seek to grab market share during the downturn, creating the risk of a global glut.
During the same period, major Chinese automobile-related electric battery firms reported annual losses, amid a glut of capacity and the phasing out of subsidies for the sector.
Cutting overcapacity in bloated sectors like steel and coal has been high on the government work agenda in recent years as production gluts ate into corporate profits and dragged economic growth.
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