Glut…
Will there be an oil glut in 2026? The market is headed to as much as 3.84 million barrels per day (bpd) of supply exceeding demand in 2026, the IEA said in its latest monthly report for December. The oil glut will be short-lived, many analysts say, and they expect the market to start balancing later in 2026 and into 2027.
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