Goldman Flags Up Oil Surplus Even as Nations Rebuild Stockpiles

The global oil market is set to swing back into oversupply as the impact of the Iran war fades and traffic through the Strait of Hormuz recovers, according to Goldman...

By Kanoko Matsuyama, Carol A Massar · Bloomberg Markets

The global oil market is set to swing back into oversupply as the impact of the Iran war fades and traffic through the Strait of Hormuz recovers, according to Goldman Sachs Group Inc.