Rystad Energy’s forecast of a 2028 oil supply glut signals potential price pressure and market rebalancingExecutive summary: Rystad Energy’s president Jarand Rystad warned that a massive oil oversupply could re‑emerge in 2028, drawing lessons from the Ormuz strait closure. Such an oversupply could exert downward pressure on oil prices and reshape investment strategies in the energy sector. Rystad Energy, oil market analysts, and potentially oil‑producing nations and traders. The market may see increased volatility, with producers considering output adjustments and policymakers monitoring supply trends.The article reports that Rystad Energy’s president Jarand Rystad warned that a massive oil oversupply could re‑emerge in 2028, drawing lessons from the Ormuz strait closure. It cites a projection of excess supply that could affect global pricing. The piece does not provide quantitative estimates but frames the outlook as a market‑driven scenario.Connected developmentsBrent price may return to $60Solar energy effect on German supplyOpen the full case file on Beyond →
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