Goldman Sachs said global crude oil supply would be released again as transit through the Strait of Hormuz resumes.
According to Jin10, the bank said that even if countries begin replenishing their strategic petroleum reserves, those purchases would only partially offset the additional supply.
Goldman Sachs forecast that the oil market’s daily surplus next year could exceed 3 million barrels.
Goldman Sachs Forecasts Oil Market Surplus Could Exceed 3 Million Barrels a Day Next Year
2026-07-01 03:12:05
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