Morgan Stanley reports that geopolitical conflicts in Iran and Ukraine have caused oil traders to avoid long-term positions, focusing instead on shorter time horizons amid volatile crude and fuel pric
Morgan Stanley and Goldman Sachs cut Brent crude forecasts for 2026-2027 to $70-$75, citing Middle East supply recovery and US exports, indicating a market shift from tightness to oversupply.
Morgan Stanley cut oil forecasts twice, predicting Dated Brent will average $75 per barrel in 2024 due to increased flows through the Strait of Hormuz. High US exports and weak Chinese demand drive a
Morgan Stanley warns that if the Strait of Hormuz remains closed beyond June, oil prices may surge despite current buffers from increased US exports and decreased Chinese imports.
ChemBrief