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.

Oil prices are sliding on hopes of a Hormuz supply flood, but analysts warn the rebound is driven by stranded tankers, not new flows.

Commodity strategists warn that Iranian leverage in the Strait of Hormuz will continue to weigh on oil markets and shipping costs.

“However, much of the increase reflects previously stranded vessels leaving the Persian Gulf. Vessel flows into the Gulf remain much more modest...”

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.

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.

Oil prices suffered their steepest quarterly decline since 2020, but analysts warn that fragile diplomacy and subdued tanker traffic through the Strait of Hormuz suggest…

Goldman Sachs expects global strategic petroleum reserve rebuilding to support oil demand but says it will be overwhelmed by a large oil surplus next year.

Goldman now expects the global oil surplus to be about 3 million barrels per day (bpd) next year