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Nitin Jindal

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  1. Goldman Sachs8 min

    What Is the Outlook for Diesel and Gasoline Supplies?

    Nitin Jindal, Chris Hussey

    Goldman Sachs analysts observe that global commodity markets have exhibited unexpected resilience against six months of Strait of Hormuz disruptions, driven by supply reallocation and significant demand destruction in China. Despite falling crude inventories, refined product markets remain critically tight due to production cuts in the Persian Gulf, Russia, and China, prompting recommendations for long crack spreads and Asian hydrocarbon positions. Future market balance hinges on a potential El Niño-induced warm winter, which would mitigate European energy competition, while geopolitical uncertainty sustains demand for defensive assets like gold and power sector equities linked to AI growth.