Overview The Worsening Oil Glut - Geopolitical Futures Yes, most analysts expect a significant oil glut (oversupply) through much of 2026, with global supply comfortably exceeding demand, leading to lower prices, although the exact size of the surplus varies by forecast, with some predicting it could reach up to 4 million barrels per day (bpd) by mid-year, though potential geopolitical events or stronger demand could temper it.
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