Goldman Sachs expects the global oil market to shift from a supply surplus of 1.8 million barrels per day in 2025 to a supply deficit of 9.6 million barrels per day in the second quarter of 2026. Global oil demand is expected to decline by 1.7 millio

2026-04-27

Goldman Sachs expects the global oil market to shift from a supply surplus of 1.8 million barrels per day in 2025 to a supply deficit of 9.6 million barrels per day in the second quarter of 2026. Global oil demand is expected to decline by 1.7 million barrels per day in the second quarter and by 100,000 barrels per day for the whole of 2026.