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 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

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

Why oil producers are adding to the global supply glut despite low crude prices

The major oil producers known as OPEC+ unwound previous output cuts faster than expected this year — increasing quotas at a time when global oil prices have dropped around 16% year to date. 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

World oil market faces even larger 2026 surplus, IEA says

LONDON, Nov 13 (Reuters) - The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers and rivals lift output and demand growth slows, ... Read More

World oil market to see huge glut in 2026, IEA says

LONDON, Oct 14 (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, ... Read More

OPEC Shifts Oil Outlook to See Small Surplus in 2026

LONDON (Reuters) -The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift ... 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

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

Global oil prices are projected to fall to a five-year-low in 2026 on growing supply and weaker demand, the World Bank Group said Wednesday in its Commodity Markets Outlook. The bank forecast Brent ... 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 Says World Must Spend $540B a Year Looking for Oil, Gas

The world needs to spend some $540 billion a year looking for oil and gas to maintain current output by 2050 as the pace of declines in existing fields increases, according to the International Energy ... Read More