Diamondback Says Oil Glut Fears Are Fading as Demand Holds Strong

The risk of global oil oversupply is diminishing thanks to demand resilience, Diamondback Energy said in a letter to shareholders authored by the company’s chief executive ahead of the company’s fourth-quarter 2025 financial report, due out later today. “The wave of oversupply that has been widely telegraphed for the better part of the last two years continues to get pushed to the right - at some point the market will slowly begin to find reasons to be less bearish as demand is strong and the global economy is growing,”…