Goldman Sachs Warns Global Oil Stocks Near Eight-Year Low
Goldman Sachs reported that global oil stocks are approaching an eight-year low, with concerns over the speed of depletion amid restricted supplies through the Strait of Hormuz. The bank estimates total global oil stocks at 101 days of demand and warns refined product inventories have dropped to near critical levels.
Tickers: $GS
Topics: global supply concerns Hormuz Strait tensions oil stocks