Swelling supply to keep oil prices under strain in 2026

Core Viewpoint - Oil prices are expected to face downward pressure in 2026 due to increasing supplies outpacing modest demand growth, while geopolitical risks may prevent more significant declines [1] Supply and Demand - Supply levels are projected to swell, leading to an oversupply situation in the oil market [1] - Demand growth is described as modest, indicating that it will not be sufficient to absorb the increased supply [1] Geopolitical Risks - Geopolitical risks are highlighted as a potential factor that could limit the extent of price declines in the oil market [1]