With supply far exceeding demand, third-level colleges are struggling to fill places in scores of courses.

And with supply exceeding demand, housing prices fell.

The danger now is of blackouts when frequencies rise too high as a result of power generation exceeding demand.

OPEC representatives reiterated that the oil market remains well supplied, with supply exceeding demand and with healthy commercial crude stocks.

Particularly in times of recession with spiking unemployment and production exceeding demand, sharing jobs can help to soften the blow.

Investor demand for Nikkei call options, which essentially bet on the index to trade higher, was brisk, exceeding demand for put options.

Global production capacity is expected to increase by 9.3 million bpd by 2017 to 102 million bpd, effectively exceeding demand by over 6 percent.