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Misra: Forget War Shortage Fears—Oil Has Entered ‘Super Glut’ Era

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images)
A crude oil tanker unloads at the Qingdao Port terminal in Shandong Province, China, in November. China has imported so much of the world's surplus oil that its storage capacity is strained, creating the risk of a global price crash if it dumps significant volumes on the market. (CFOTO/CFOTO/Future Publishing via Getty Images)
SM
By
Siddharth Misra, Texas A M University
March 03, 2026 02:48 PM CST