Goldman Expects Global Oil Inventories to Hit a Record-Low

Daan Struyven, global commodities research co-head at Goldman Sachs, says oil bottlenecks and supply chain logistics related to the Strait of Hormuz put the global oil market on track to...

By Bloomberg Markets · Bloomberg Markets

Daan Struyven, global commodities research co-head at Goldman Sachs, says oil bottlenecks and supply chain logistics related to the Strait of Hormuz put the global oil market on track to reach the lowest-ever level for global visible inventories, which “implies some upside risks to our forecasts.” (Source: Bloomberg)