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According to Goldman Sachs, Weakness in Oil Product Supply Will Continue Until 2027.
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Goldman Sachs Warns Refinery Shortages Will Persist
Ras Tanura oil refinery facility in Saudi Arabia (AFP/Yonhap) As the scale of global refinery outages surpasses even the worst-case scenario, Goldman Sachs has forecasted that the supply shortage of petroleum products will continue until next year. The analysis indicates that while diplomatic negotiations can lower crude oil prices, damaged refinery facilities cannot be restarted through negotiations. According to a report by the commodities tea…
According to Goldman Sachs Group, weakness in refined fuel supply is likely to persist until 2027 as refineries work to complete delayed maintenance, which could also restrict exports.
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