Global World News Global Oil Market Will Be In Supply Deficit Next Year, Eia Says

An oil supply glut could sink prices to $35 a barrel next year. Why the U.S.-China trade truce won’t change that.

President Donald Trump’s U.S.-China trade truce may be overshadowing a new report that has helped raise the alarm about a potential record-high global surplus of crude oil next year. Read More

World Bank Projects Oil Oversupply Will Drop Prices to Five-Year Low in 2026 -- OPIS

The organization said the implied market surplus of 2.7 million b/d in the third quarter of this year, the largest since 2020, underscores the persistence of the oversupplied market. While stockpiling ... Read More

IEA: Global oil market to see huge oversupply

IEA data shows that global oil demand actually expanded by 750,000 b/d year-on-year (y-o-y) in third-quarter 2025, led by a rebound in petrochemical feedstock use following ... Read More

IEA forecasts global oil glut in 2026 on strong production growth, weak demand

Surplus supplies of crude oil in global markets will reach about 4 million barrels per day in 2026 as both OPEC+ and other producers increase output while demand growth remains sluggish in most ... Read More

Why Oil Just Surged To 7-Week Highs - And What Happens Next

While most investors were focused on Fed policy, gold and tech earnings, a supply crisis was quietly brewing in global energy markets that would soon send oil prices rocketing. Oil prices surged to ... Read More