# World oil market to see huge glut in 2026, IEA says | Reuters

> The IEA expects global oil supply to rise by about 3 million barrels per day, outpacing demand and creating a sizeable surplus. The report projects a glut of around 4 million barrels per day in 2026. The surplus estimate was revised from about 3.3 million barrels per day the previous month.

- Date: 2025-10-14 · published 2025-10-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/22590-world-oil-market-to-see-huge-glut-in-2026-iea-says-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A large projected surplus for 2026 signals sustained downward pressure on crude prices, lowering diesel and freight costs for feed buyers. Weaker energy prices also reduce biofuel support for vegetable oil and corn demand.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-10-01 | [World oil market to see higher surplus after OPEC+ hike, IEA says](https://feedsoft.ai/events/22773-world-oil-market-to-see-higher-surplus-after-opec-hike-iea-says.md) | -1.0% | -3.5% |
| WTI | 2025-12-11 | [IEA lowers 2026 oil glut forecast for first time since May \| Reuters](https://feedsoft.ai/events/21664-iea-lowers-2026-oil-glut-forecast-for-first-time-since-may-reuters.md) | -4.4% | +0.7% |
| WTI | 2026-01-21 | [Oil Market Report - January 2026 - IEA](https://feedsoft.ai/events/21236-oil-market-report-january-2026-iea.md) | +3.1% | +8.2% |
| WTI | 2024-09-12 | [Oil Market Report - September 2024 - IEA](https://feedsoft.ai/events/10167-oil-market-report-september-2024-iea.md) | +5.3% | +8.4% |
| WTI | 2020-04-15 | [Oil Market Report - April 2020 - IEA](https://feedsoft.ai/events/4479-oil-market-report-april-2020-iea.md) | -32.0% | +25.9% |
| BRENT | 2025-10-01 | [World oil market to see higher surplus after OPEC+ hike, IEA says](https://feedsoft.ai/events/22773-world-oil-market-to-see-higher-surplus-after-opec-hike-iea-says.md) | -2.2% | -5.2% |
| BRENT | 2025-12-11 | [IEA lowers 2026 oil glut forecast for first time since May \| Reuters](https://feedsoft.ai/events/21664-iea-lowers-2026-oil-glut-forecast-for-first-time-since-may-reuters.md) | -4.0% | +2.5% |
| BRENT | 2026-01-21 | [Oil Market Report - January 2026 - IEA](https://feedsoft.ai/events/21236-oil-market-report-january-2026-iea.md) | +4.0% | +3.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/iea-raises-2025-oil-supply-forecast-after-opec-output-hike-decision-2025-10-14/

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