Goldman Sachs Warns Oil Inventory Rebuild Won’t Prevent 2027 Supply Glut
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Source: Zero Hedge
Published: 2026-07-02 02:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Energy, Economy & Finance, Financial Markets, Commodities, World News, Business & Economy
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Snippet:
The global race to rebuild depleted oil inventories will not be enough to offset a massive glut that’s coming to the market next year, as traffic through the Strait of Hormuz appears to be headed toward normalization, according to Goldman Sachs commodity strategists.
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