Fears of a global oil glut that had been expected to crater crude prices are fading fast amid resilient energy demand, according to Permian Basin driller Diamondback https://www.bloomberg.com/news/articles/2026-02-23/shale-giant-diamondback-says-threat-of-oil-glut-is-receding?taid=699cecd9eb9a69000136aa83&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter