Q2 oil markets remain balanced but fragile. OPEC+ voluntary cuts continue, yet non-OPEC supply — led by U.S. shale — is offsetting tighter quotas.
Traders should watch our WTI range outlook and related commodity signals.
Global Oil Supply Outlook: Q2 Summary
OPEC+ extends cuts while U.S. shale production hits record highs. We summarize the supply-demand balance.
Friday, June 26, 2026 Admin 6 views