OREANDA-NEWS  Next year, the global energy market will face an oversupply of oil amid an increase in shipments of raw materials from the Persian Gulf countries. This is reported by Reuters with reference to the forecast of analysts of the American bank Morgan Stanley.

Experts expect an excess of global oil supply in 2027 at the level of 4.8 million barrels per day. Demand, according to their forecast, will noticeably lag behind.

Such an imbalance will be greatly facilitated by the restoration of tanker traffic through the Strait of Hormuz, analysts explain. The situation will also be affected by the gradual increase in the extraction of raw materials in the Middle Eastern countries.

Much will also depend on the negotiations between the United States and Iran on a peace deal. In the event of a full-fledged long-term truce, the oil flows that fell out as a result of the war in the Middle East will be able to recover in a short time, experts believe. In this case, global oil prices will drop to $ 70 per barrel in October-December, Citi financial group experts predicted.