It is very rare, that almost all financial advisories predict a "oil glut" by next year. Strange enough, oil prices are holding up nicely and looking at next years futures contract prices, they don't reflect any "glut" as future prices are only marginally lower than the nearest future.

 

In other words: The majority of "market analysts" say that there will be an oversupply of oil and the "markets" say that there will be no oversupply.

 

In this form and shape a very rare constellation.

Any answers?

No answers here prices are down a little bit here in the states presently.perhaps renewables are starting to have an affect?

16 minutes ago, swissie said:

It is very rare, that almost all financial advisories predict a "oil glut" by next year. Strange enough, oil prices are holding up nicely and looking at next years futures contract prices, they don't reflect any "glut" as future prices are only marginally lower than the nearest future.

 

In other words: The majority of "market analysts" say that there will be an oversupply of oil and the "markets" say that there will be no oversupply.

 

In this form and shape a very rare constellation.

Any answers?

OPEC?

https://www.worldoil.com/news/2025/11/27/opec-set-to-pause-production-increases-in-2026-as-global-surplus-builds/

6 minutes ago, candide said:

OPEC?

https://www.worldoil.com/news/2025/11/27/opec-set-to-pause-production-increases-in-2026-as-global-surplus-builds/

If that's the case, this could function as a "price floor" indeed. = If it is implemented by by all OPEC states. This remains to be seen.