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Oil market likely to return to oversupply after Hormuz reopens: Fitch Ratings
Global oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The closure is a temporary supply shock, not a permanent production loss. Markets are expected to return to oversupply by September 2026. This will be driven by Middle Eastern production recovery and non-OPEC supply growth.
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economictimes.indiatimes.com
Oil market likely to return to oversupply after Hormuz reopens: Fitch Ratings
Global oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The closure is a temporary supply shock,…
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From trickle to torrent: Hormuz reopening may trigger a global oil flood
The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure…
