Goldman Sachs: Expanded Pipeline Capacity Bypassing the Strait of Hormuz Could Pressure $76-Per-Barrel Long-Term Assumption

Goldman Sachs said that if pipeline transport capacity that bypasses the Strait of Hormuz is expanded in the future, it would pose downside risk to its long-term price assumption of $76 per barrel. According to Jin10, the bank said the expansion of such bypass capacity could weigh on that long-term pricing baseline.