Goldman Sachs(US:GS) 智通财经网·2025-09-12 07:05Core Viewpoint - Goldman Sachs predicts that China will continue to accelerate its crude oil reserves this year and by 2026, driven by falling oil prices and concerns over energy security [1] Group 1: Oil Inventory and Demand - Goldman Sachs' oil research head Daan Struyven estimates that China's oil inventory will increase by 500,000 barrels per day over the next five quarters [1] - Despite China's significant oil purchases, Goldman Sachs still expects Brent crude prices to drop to around $55 per barrel next year [1] - Gunvor Group's research head Frederic Lasserre estimates that China's oil inventory has been increasing by approximately 200,000 barrels per day in recent months [1] Group 2: Market Outlook - Participants at the Asia-Pacific Oil Conference indicated that China's purchases are helping to support demand and push up oil prices amid an impending global oil surplus [1] - The International Energy Agency forecasts that record oil surplus in 2026 will be larger than previously predicted due to increased production from OPEC+ and other oil-producing countries [1] Group 3: Current Oil Prices - As of the report, WTI crude is down 1.01% at $61.74 per barrel, while Brent crude is down 0.93% at $65.75 per barrel [1]