Goldman Sachs Report: Global Oil Inventories Decline May Lead to Supply Shortages in Some Regions

A recent research report released by Goldman Sachs Group in the United States shows that current global oil inventories are approaching the lowest levels in eight years, with uneven decline rates and regional imbalances, raising concerns that some areas may experience a supply shortage of refined oil products first. Goldman Sachs estimates in the report that, including onshore and offshore crude oil reserves and refined oil inventories, the total global oil inventory can currently meet 101 days of demand, but by the end of May, it may only meet 98 days of demand. Regarding refined oil products, before the outbreak of the Middle East conflict, global inventories could meet 50 days of demand, but now only 45 days. (Xinhua News Agency)

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