Oil Markets May See a Potentially “Big” Surplus Ahead, HSBC Says – Oil & Gas 360

Oil markets may see a potentially “big” surplus ahead, HSBC says – Oil & Gas 360

(Investing) – The oil market is anticipated to a see a “big surplus” from the fourth quarter onwards, driven in large part by the return of OPEC+ producer group barrels over the next 12 months, according to analysts at HSBC. In a note to clients, the strategists led by Kim Fustier forecast a surplus growing from 600,000 barrels per day in the second quarter to 1.7 million barrels per day in the final three months of 2025 and 2.4 million barrels p

HSBC Sees Downside Risk to 2026 Brent Crude Oil Price Forecast - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – HSBC expects a big oil surplus of 1.7 million barrels per day (mbd) from the fourth quarter of 2025, and a surplus of 2.4 mbd in 2026, exacerbated by the return of OPEC+ barrels over the next 12 months, it said in a note on Monday. At its meeting this month, OPEC+ opted ...

HSBC sees downside risk to 2026 Brent crude oil price forecast

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