Goldman Sachs warns inventory rebuilding won’t avert 2027 oil supply glut

GOLDMAN Sachs has warned that efforts by countries to replenish depleted global oil inventories will not be sufficient to prevent a significant supply glut expected in 2027, as shipping through the Strait of Hormuz continues to return to normal, Oilprice.com reported. The bank said oil stockpiles, including crude and refined petroleum products, have fallen to […]