Morgan Stanley has revised its oil price outlook downward for the second time in roughly two weeks, citing a faster-than-expected recovery in energy shipments through the Strait of Hormuz, alongside strong US production and weaker demand from China. The bank’s latest assessment, reported by Bloomberg, points to growing pressure in global markets and an increasing risk of oversupply.

Morgan Stanley cut oil forecasts for the second time in two weeks as flows through the Strait of Hormuz return faster than expected. Read on

Morgan Stanley cut its Dated Brent forecast to $90 for Q3 2026 and $80 for Q4, citing faster Strait of Hormuz supply recovery and weak Chinese demand.

Oil prices have reduced as more tankers return to the Strait of Hormuz after the US-Iran peace talks which eased the supply concerns.

Morgan Stanley has revised its oil price outlook downward for the second time in roughly two weeks, citing a faster-than-expected recovery in energy shipments through the Strait…

Morgan Stanley slashed its Brent oil forecast to $75 a barrel, citing a looming supply glut as Strait of Hormuz traffic recovers faster than expected.

Morgan Stanley cuts its oil price forecast as Strait of Hormuz tanker traffic rebounds faster than expected.

Goldman Sachs cuts Q4 2026 Brent crude forecast to $80 from $90 as Iran tensions ease and non-OPEC supply growth creates an oversupply outlook.

Crude surplus is expected to average just over three million barrels a day in 2027, Goldman said. Read more at straitstimes.com. Read more at straitstimes.com.

Despite record U.S. crude output, uncertainty over Iran, Hormuz, and regional production means the market may be underestimating ongoing supply risks.

Citi expects Brent crude to fall to $60 a barrel by year-end as shipping through the Strait of Hormuz normalises and supply concerns ease. The brokerage sees improving oil flows,…