Oil Surplus in 2026, Deficit Looms After
Update: 2025-12-11
Description
Oil experts predict a significant surplus in early 2026 due to increased supply and slowing demand. However, this is likely the last year of such a glut, with prices expected to stay below $60 a barrel. The oil futures market doesnt foresee a long-term oversupply, anticipating a temporary soft patch rather than a repeat of the 2020-2021 imbalance. Looking ahead, a potential structural deficit is emerging after 2027, driven by increasing global energy needs and a drop in upstream investment. Major producers warn of a supply shortage unless more investment is made in exploration and new supply.
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