Speculators Flee Crude as Oversupply Drains Future Bets

OilPrice · Editorial Dept · last updated September 19, 2025 – 8:05 AM

1. Speculators Flee Crude as Oversupply Drains Future Bets Oversupply is steadily becoming the buzzword for oil markets in 2026, with the IEA’s updated outlook for next year predicting a 3.3 million b/d market surplus if current policies remain in place. The International Energy Agency predicts that global oil supply will grow by 2.7 and 2.1 million b/d in 2025 and 2026, respectively, compared to a mere 700,000 b/d in global demand growth. OPEC does not forecast oil production of its own members, only publishing retrospective…

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