油价展望（至 2035 年）：2026 年最后一波供应潮将拉低油价，后续回升-Oil Prices Through 2035_ Down in 2026 on Last Supply Wave, Up Later [PRESENTATION]

December 2025 | Daan Struyven | Managing Director | Co-Head of Commodities Research; Head of Oil Research | | --- | --- | --- | | Goldman Sachs & Co. LLC | +1 212-357-4172 | daan.struyven@gs.com | | Yulia Z Grigsby | Vice President | Senior Commodities Strategist | | Goldman Sachs & Co. LLC | +1 917-709-0571 | yulia.grigsby@gs.com | Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure A ...