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

IEA slashes 2026 oil glut forecast in rare warning as demand surges, sanctions hit supply and global markets brace for a massive shakeup

The International Energy Agency (IEA) cut its forecast for next year’s global oil surplus for the first time since May, citing stronger demand expectations and weaker supply from nations facing ... 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

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

Is Oil About to Snap Higher? The Market May Be Too Bearish

Lower prices risk slowing U.S. shale and non-OPEC+ output, setting up the possibility that today’s glut becomes tomorrow’s crunch ... Read More

Global oil supply drops in November; IEA cuts surplus estimates amid stronger demand

The International Energy Agency on Thursday said global oil supply fell by 610 kb/d in November, extending the decline from September’s record of 109 mb/d to 1.5 mb/d. OPEC+ accounted for over ... 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

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

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

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

IEA Warns Oil Glut Will Be Worse Than Expected

The surplus on the oil market next year will be even higher than previously expected, the International Energy Agency (IEA) said on Thursday, as it raised both its demand and supply growth estimates. ... 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.

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