# Swelling supply to keep oil prices under strain in 2026 | Reuters

> A Reuters poll of 35 economists and analysts forecasts Brent crude will average $62.23 per barrel in 2026, down from $63.15 in October's survey. Brent has averaged $68.80 so far in 2025.

- Date: 2025-11-28 · published 2025-11-28T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/22099-swelling-supply-to-keep-oil-prices-under-strain-in-2026-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of a lower 2026 average reflect expected surplus supply, which weighs on diesel and energy costs that feed into freight and processing for feed producers.

## Read by commodity

- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-17 | [Goldman sees softer oil demand, flags two-sided risks to 2026 price outlook \| Reuters](https://feedsoft.ai/events/8810-goldman-sees-softer-oil-demand-flags-two-sided-risks-to-2026-price-outlook.md) | +1.3% | +0.6% |
| BRENT | 2025-10-14 | [World oil market to see huge glut in 2026, IEA says \| Reuters](https://feedsoft.ai/events/22590-world-oil-market-to-see-huge-glut-in-2026-iea-says-reuters.md) | -4.5% | -0.3% |
| BRENT | 2024-06-01 | [Oil price forecasts cut as supply risks trend lower, Reuters poll finds](https://feedsoft.ai/events/30415-oil-price-forecasts-cut-as-supply-risks-trend-lower-reuters-poll-finds.md) | -2.0% | +7.9% |
| BRENT | 2024-11-04 | [OPEC oil output rises in October as Libyan supply rebounds, survey finds \| Reuters](https://feedsoft.ai/events/27304-opec-oil-output-rises-in-october-as-libyan-supply-rebounds-survey-finds-reuters.md) | +0.8% | +0.2% |
| BRENT | 2024-11-01 | [US Oil Production Hits Another Record, Adding to Supply Worries](https://feedsoft.ai/events/27770-us-oil-production-hits-another-record-adding-to-supply-worries.md) | +3.4% | +0.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/swelling-supply-keep-oil-prices-under-strain-2026-2025-11-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.