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.