Global oil markets are poised for a supply boost in 2026, driven by eight major field startups. Africa’s Lake Albert basin in Uganda leads the charge, with South America’s Guyana and Brazil also delivering significant offshore growth. The US and Middle East add smaller but notable volumes.

While these projects promise to offset declines in mature fields, their impact hinges on overcoming infrastructure and execution risks. Delays and intermittent flows remain possible, and the ultimate reliability of these new volumes will depend on successfully navigating technical and environmental challenges.