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

IEA Forecasts Global Oil Market Surplus Of Up To 4.09 million BPD In 2026

OPEC+ and non-OPEC sources have contributed roughly equally to this gain, the IEA said. ・IEA expects global oil demand to rise by 770,000 bpd next year. ・Global oil demand rose by 920,000 bpd in 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

World oil market faces even larger 2026 surplus, IEA says

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, the International Energy ... Read More

OPEC shifts oil outlook to see small surplus in 2026

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 from its earlier ... Read More

World oil market 'lopsided' as supply outpaces demand: IEA

The world's oil market is experiencing a period of imbalance as growing supply outstrips demand despite stronger deliveries to China, the International Energy Agency (IEA) said Thursday. Read More

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

Crude oil prices fell sharply, pressured by mounting concerns of an oversupplied market after OPEC said it now expects a balanced market in 2026, altering its earlier forecast of a deficit. 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

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

IEA Warns of Larger Oil Glut Than Expected

Amid soaring supply and subdued demand, the expected global oil oversupply will be larger than previously anticipated, the International Energy Agency (IEA) said on Tuesday. In its monthly report, the ... Read More

Global oil prices under pressure: What’s driving the decline and what lies ahead

Global oil markets have entered a bearish phase, with U.S. crude sliding below $60 per barrel, down over 20% from January highs. Surging U.S. output, gradual unwinding of OPEC+ cuts, and tepid ... 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