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Goldman Sachs Sounds Alarm Over Fresh Threat to Global Oil Supplies

A week after it warned that an oil glut is coming, Goldman Sachs has done a U-turn, warning that the renewed hostilities in the Persian G…

Source OilPrice AI Summary Updated 3h 01m ago

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A week after it warned that an oil glut is coming, Goldman Sachs has done a U-turn, warning that the renewed hostilities in the Persian Gulf threaten an extended supply disruption. “While Middle Eastern producers have started reopening their shut-in wells over the last month, Hormuz disruptions could slow down the production recovery,” the bank’s commodity…

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