Dana Gas is Fighting the Global Fire

The global energy market spent 2025 wading through a supply glut with producers drowning in oil nobody wanted—and 2026 is still struggling to clear the aisles. According to the International Energy Agency (IEA), supply surged by 3 million barrels per day (bpd) as the US, Brazil, and Guyana hit record production, just as OPEC+ eased its cuts. Meanwhile, demand growth stalled at under 1 million bpd, dampened by the rise of EVs and increased energy efficiency. Trade tensions between the US and China further soured investor sentiment. Translation: there was way too much oil and not enough takers. For Dana…