OPEC shifts oil outlook to see small surplus in 2026

OPEC has revised its oil outlook, predicting a small surplus in 2026. This shift in forecast is significant as it reflects changing dynamics in the global oil market, potentially influencing pricing and production strategies among member countries. The announcement, made on November 12, 2025, underscores OPEC's ongoing assessment of supply and demand trends, which are critical for both producers and consumers in the energy sector.