Goldman Sachs warns that global oil oversupply will reappear, and countries' insufficient strategic reserves will not be able to change the situation.

The Goldman Sachs Group stated that with the easing of the impact of the Iran conflict and the resumption of traffic in the Strait of Hormuz, the global oil market is expected to once again face oversupply. Samantha Dart, co-head of global commodities research at Goldman, said in an interview that the purchase of crude oil to replenish strategic reserves is expected to tighten global supply to some extent, but this will only partially offset the expected oversupply. "Once the flow in the strait returns to normal, we expect to enter into oversupply," Dart said, predicting that the average daily surplus of crude oil next year will be slightly higher than 3 million barrels. She added, "We expect the rebuilding of global strategic oil reserves to add slightly over 1 million barrels per day, but even so, we will still have a surplus of nearly 2 million barrels per day."