{"id":2740,"date":"2025-11-20T09:14:01","date_gmt":"2025-11-20T09:14:01","guid":{"rendered":"https:\/\/inernews.online\/?p=2740"},"modified":"2025-11-20T09:14:01","modified_gmt":"2025-11-20T09:14:01","slug":"will-a-global-oil-glut-push-prices-lower-in-2026-oil-and-gas","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=2740","title":{"rendered":"Will a global oil glut push prices lower in 2026? | Oil and Gas"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>The International Energy Agency warns of an oil surplus in 2026, but OPEC+ predicts a balanced market.<\/p>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>The world could be producing more oil than it needs next year.<\/p>\n<p>An oversupply usually pushes the price of oil lower. For consumers, that means cheaper transport, shipping and flight costs.<\/p>\n<p>Until now, the OPEC+ group appeared to shrug off worries over a glut. It had been unwinding output cuts, putting more barrels on the market to regain share. But, with its new forecasts suggesting demand will only match supply, the group is hitting the pause button on extra output for the first quarter of 2026.<\/p>\n<p>The Chinese yuan\u2019s global role is growing fast.<\/p>\n<p>Plus, South Africa\u2019s credit rating upgrade.<\/p>\n<\/div>\n<div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 20 Nov 2025<\/span><span aria-hidden=\"true\">20 Nov 2025<\/span><\/p>\n<\/div>\n<div class=\"rich-share dark-view\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Energy Agency warns of an oil surplus in 2026, but OPEC+ predicts a balanced market. The world could be producing more oil than it needs next year. An oversupply usually pushes the price of oil lower. For consumers, that means cheaper transport, shipping and flight costs. Until now, the OPEC+ group appeared to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/2740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2740"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/2740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/2741"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}