Global Economy and Oil Glut 2026: A Shifting Energy Landscape

Supply is surging, but demand remains uncertain. 2026 is shaping up to be the year of the great surplus as the global economy grapples with a massive oil glut. With the US increasingly involved in Venezuela's oil sector, the influx of raw crude is putting significant downward pressure on prices.

Navigating the Global Economy and Oil Glut 2026

According to industry reports, the market in 2026 is facing a surplus that could redefine trade relations. A central question remains: Is the US truly unlocking Venezuela’s oil wealth or simply exploiting it for domestic gain? This surge in production comes at a time when the EU-Latin America trade deal is being scrutinized to see who actually wins in this new economic order.

Strategic Balancing and Emerging Partnerships

Beyond energy, major players are recalibrating their ties. India continues its delicate act of balancing relations between Russia and the US. Meanwhile, Africa is asserting its right to choose economic partners on its own terms, moving away from traditional dependency. Whether South Africa’s G20 success was symbolic or a sign of real change remains a topic of heated debate among policymakers.