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Trafigura’s chief economist says accelerating supply growth and softening demand will create a global crude “super glut” in 2026. China’s slowing petroleum consumption and rapid inventory builds, ...

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Trafigura thinks the oil market could see a "super glut" of crude next year. The commodities firm pointed to new supply hitting the market while demand remains lackluster. Oil prices have already ...

The oil market is grappling with whether sanctioned Russian and Iranian cargoes should still be counted as supply. This may explain why oil prices have been slow to react to a huge glut that is ...

LONDON, Dec 11 (Reuters) - The International Energy Agency trimmed its forecast of next year's global oil supply glut for the first time since May on Thursday, flagging higher demand prospects due to ...

Less encouraging for corn and soybean futures, the oil market faces the prospect of a “super glut” next year, the chief economist at one of the world’s largest commodity traders warned. New drilling ...

The rise of oil on water comes from multiple sources. There has been a surge from sanctioned producers Russia, Iran and Venezuela. (File Photo: Reuters) The oil market is grappling with whether ...

A corner of the US crude market closely watched by physical traders is signaling oversupply in the latest indication that a global glut has reached domestic shores. Light, sweet West Texas ...

Two data center billionaires minted before anything is even built. A borrower seeking a loan for 150% of the construction cost. And companies that are using financial engineering to keep liabilities ...

Analysts expect a significant oil glut through early 2026, with inventories rising and prices forecast to average below $60 per barrel. While 2026 looks oversupplied, the futures curve and shifting ...