The global oil market is likely to be under pressure in 2026 as growing supply and weak demand curb prices, and traders monitor OPEC+ for policy signals and any attempts to bolster the market, a Reuters poll showed on Monday.

EIA says Brent slid from $79 in January to $63 in December, with a $69 annual average—the lowest since 2020—as supply exceeded demand.

Oil prices are set to continue their downward trend, potentially slipping as low as $50 per barrel Brent by the middle of 2026, driven by ample supply and a projected market surplus.

Kolibri Global Energy Inc. faces heightened downside risk due to falling oil prices and a 28% share price decline. See why I rate the KGEI stock a Hold.

NEW YORK - APRIL 15: Traders call out during activity in the crude oil options area on the floor of the New York Mercantile Exchange April 15, 2008 in New York City. Oil prices set a new record high today, rising to nearly $114 a barrel. (Photo by Chris ...

The U.S. Energy Information Administration has revealed that global oil supplies exceeded demand in 2025, leading to a sharp decline in oil prices