Crude Oil Market Will Return to Oversupply After Strait of Hormuz Reopens: Fitch
GUWAHATI: A rapid recovery in crude oil production across West Asia, combined with strong output growth from non-OPEC producers and the possibility of a more aggressive production strategy by OPEC, is expected to push the global oil market back into oversupply in the latter part of 2026 once the Strait of Hormuz reopens, according to…