There's a 'super glut' of oil coming in 2026 on weak demand and booming supply, top commodities firm says

VCG/VCG via Getty Images Trafigura thinks the oil market could see a "super glut" of crude next year. The commodities firm pointed to new supply hitting the market while demand remains lackluster. Oil prices have already stumbled in 2025 amid waning global demand and increased output. The long-predicted "super glut" of oil is expected to hit energy markets in 2026. Trafigura, one of the world's biggest commodities trading firms, said it believes the oil market will see a flood of new supply at a t ...