A top commodities firm predicts a 'super glut' of oil in 2026 on weak demand and booming supply

A top commodities firm predicts a 'super glut' of oil in 2026 on weak demand and booming supply

VCG/VCG via Getty ImagesTrafigura 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 stumbled in 2025 amid waning global demand and increased output. The long-predicted "super glut" of oil is expected to hit energy markets in 2026. Trafigura, one of the world's biggest commodities trading firms, said it believes th…

Oil Trading Giant Warns Of Looming “Super Glut” Due To Supply Surge

Oil Trading Giant Warns Of Looming “Super Glut” Due To Supply Surge Echoing what has become a now daily refrain by commodity bears everywhere, Saad Rahim, chief economist of commodity-trading giant, Trafigura, said that the oil market faces a “super glut” next year as a burst of new supply collides with weakness in the global economy. According to Rahim, new drilling projects and slowing demand growth would weigh further on already depressed cr…

Oil’s About to Get Messy: Why 2026 Could Be a Total Supply Nightmare

Remember when everyone was freaking out about oil shortages? Yeah, well, plot twist: we might be drowning in the stuff next year. Trafigura—one of those massive commodities trading firms that basically moves half the world’s oil around—just dropped some news that should make anyone with a gas-guzzling SUV pretty happy. They’re predicting what they’re calling a “super glut” of oil in 2026. And honestly? The math checks out. Here’s the deal: Oil p…