12:36 - 1.07.2026

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July 1, Fineko/abc.az. Investment bank Goldman Sachs predicts that as geopolitical risks decrease and supplies through the Strait of Hormuz normalize, the global oil market will once again face an oversupply.

ABC.AZ reports, citing Bloomberg Television, that Bank's co-head of global commodity research, Samantha Dart, stated that next year, the average daily surplus of raw materials in the market will exceed 3 million barrels.

Key points of the analytical forecast:

The impact of strategic reserves: Oil purchases to replenish global strategic reserves will create additional demand of just over 1 million b/d. However, even after this, the net supply surplus in the market will remain at around 2 million b/d.

Stabilization of logistics: The bank's experts note that the uninterrupted export of energy resources from the U.S. and stable imports from China indicate that the market is normalizing. The full recovery of traffic in the Strait of Hormuz will eliminate the geopolitical premium in prices.