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Goldman Sachs warns: global oil supply glut will re-emerge, countries replenishing strategic reserves will not be enough to change the situation.

金色财经_
Golden Finance reports that on July 1, Goldman Sachs Group said on June 30 that as the impact of the Iran conflict gradually fades and traffic through the Strait of Hormuz resumes, a situation of oversupply in the global oil market will emerge again. Samantha Dart, co-head of Global Commodities Research at Goldman Sachs, said that expected purchases of crude oil to replenish strategic reserves will tighten global market supply to a certain extent, but this will only partially offset the anticipated oversupply. She said that the average daily oil surplus next year is expected to be slightly above 3 million barrels.
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