Will a global oil glut push prices lower in 2026?

Next year, the world might produce more oil than it needs.

Oil typically falls as a result of an oversupply. That means lessening the costs of consumer transportation, shipping, and travel.

The OPEC+ group has previously appeared to ignore concerns about a glut. It had been putting more barrels on the market to regain market share after cutting its output. The group is pressing the pause button on additional output for the first quarter of 2026 because its new forecasts predict that demand will only match supply.

The global impact of the Chinese yuan is rapidly expanding.