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.

World Bank and IEA forecast a record-high oil supply surplus of 4 million barrels per day for 2026 Global oil markets could face a supply surplus of roughly 4 million barrels per day in 2026, ... Read More

World Oil Market to See Huge Glut in 2026, IEA Says

LONDON (Reuters) -The world oil market faces an even bigger surplus next year of as much as 4 million barrels per day as OPEC+ producers and rivals lift output and demand remains sluggish, the ... Read More

Global Oil Demand Surged in September

Global oil demand and exports surged in September, but rising supply and a massive inventory buildup are weighing on prices, which are expected to drop further amid fears of a market surplus. Read More

Oil prices plunge as OPEC forecasts supply matching demand in 2026, no longer sees deficit

Crude oil prices fell by the most in a month Wednesday, pressured by mounting concerns of an oversupplied global market after OPEC said it now expects a balanced market in 2026, altering its earlier ... Read More

IEA Expects Record Oil Glut Next Year

Oil prices extended declines, with ICE Brent trading just below $66/bbl this morning, amid softening demand and persistent concerns over a looming global supply surplus. LME nickel prices extended ... Read More

OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More

LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ... Read More

Is the Market Sleepwalking Into a Global Oil Shortage?

Managed money speculators hit record bearish positions on WTI even as the IEA forecasts massive ongoing investment needs to prevent steep supply declines. The IEA projects global production would fall ... Read More

IEA: Oil markets lie amid tumultuous interplay of forces

Oil markets are being impacted by varous forces, with the potential for supply losses from new sanctions on Russia and Iran occurring amidst an increase in OPEC+ production and the prospect of ... Read More

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 announcement of a U.S.-China trade truce may have overshadowed a new report that has helped raise the alarm about a potential record-high global surplus of crude oil next year ... Read More