The oil market is flashing warning signs. Traders are getting nervous about what could happen in 2026—and rightfully so. According to Naveen Das, an oil analyst at Kpler, the supply-demand math isn't adding up anymore.

Here's the concern: next year, the oil market could be drowning in excess supply. Das projects a potential daily oversupply of approximately 1.8 million barrels. That's massive. When you've got that much surplus oil flooding the market with nowhere to go, prices get hammered.

Why should this matter beyond oil traders? Commodity cycles have always been tied to risk asset sentiment. When energy gets cheap, it signals broader economic slack—and that typically impacts how investors view risk-on assets, including crypto.

For now, the industry is watching closely. If Das's projections hold true, 2026 could be a critical year for energy markets and the macro conditions that ripple across other asset classes.