New Delhi, Dec. 31 -- Global crude oil prices are expected to remain under pressure in 2026 as the global oil market is likely to face a sustained supply surplus, according to a report by ING Bank, a global banking and financial services major.

The report said the growing imbalance between supply and demand will weigh on prices through the year, keeping the outlook for crude oil subdued.

It added that the surplus in the global oil market is set to expand in 2026, following OPEC+ decision to unwind supply cuts at a quicker-than-expected pace. At the same time, non-OPEC supply is also expected to rise at a healthy rate despite the price weakness seen this year, adding further pressure on the market.

It stated "2026 oil surplus to weigh o...