06.05.2026 13:11
According to an analysis by Goldman Sachs, one of the world's largest banks based in the US, global oil stocks have fallen to a level that can only meet 101 days of world demand. While this rate is expected to drop to 98 days by the end of May, supply issues in the Strait of Hormuz and a decline in refined products are increasing the risk of sharp price increases during the summer months.
Goldman Sachs, one of the world's largest banks, announced that global oil inventories have fallen to a level that can only meet 101 days of world demand. It was stated that if the current trend continues, this period could drop to 98 days by the end of May.
STRAIT OF HORMUZ EFFECT
The rapid decline in inventories was highlighted to be driven by limited oil supply through the Strait of Hormuz. Disruptions in the strait, one of the most critical transit points for global energy trade, directly affect supply balance.
REGIONAL RISKS INCREASING
Goldman Sachs reported that total inventories have not yet fallen to critical levels, but supply losses in certain regions and specific products pose serious risks. The contraction in refined products is particularly notable.
DECLINE IN REFINED PRODUCTS
According to data, global commercial refined product inventories covered 50 days of demand before the war, but this rate has dropped to 45 days. The decrease in easily accessible inventories increases the risk of sudden price fluctuations in markets.
SUMMER MONTHS CRITICAL
Analysts predict that inventories are not yet below the critical threshold, but if the current rate of decline continues, sharper price movements may occur in the summer months.