Ren茅 Muschter
Research Expert covering Industry & Mobility
Global oil market outlook - statistics & facts
The world is poised for a year of surplus oil production in 2025. One of the most traded commodities in the world, crude oil and its demand are important barometers for the health of the global economy. With the cost of living crisis affecting consumer behavior in major markets such as China and Germany, economic stagnation has already resulted in oil production outperforming demand to a degree that benchmark prices such as WTI and Brent have stayed far below 80 U.S. dollars per barrel since summer 2024. This trend is expected to continue well into 2025 and 2026 as greater upstream activity in non-OPEC countries, such as the United States and Guyana, is set to flood the market with more oil. The 2026 war between the U.S., Israel, and Iran impacts the flows of goods and commodities such as oil in the Persian Gulf. On the topic page, you can find updated information on the聽impact of the war on commodities.
