---
title: "高盛警告稱能源市場正面臨需求破壞階段"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/288150763.md"
description: "高盛警告稱，能源市場正進入 “需求破壞” 階段。儘管近期可能達成和平協議，但由於霍爾木茲海峽的關閉，全球供應緩衝正在迅速消耗，油輪通行量下降超過 90%。埃克森美孚和雪佛龍的高管也強調庫存水平 dangerously low，暗示石油市場的拐點即將到來"
datetime: "2026-05-30T16:17:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288150763.md)
  - [en](https://longbridge.com/en/news/288150763.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288150763.md)
---

# 高盛警告稱能源市場正面臨需求破壞階段

There is a growing consensus among energy-market experts that global supply buffers are being quickly drained as the Hormuz maritime chokepoint remains mostly closed. Tanker transits through the strait remain deeply depressed, with reported vessel counts down more than 90% from normal levels. **The risk is that even if a peace deal is reached in the near term, oil markets may still require demand destruction before tight conditions normalize.**

Let's begin with our note from early Friday, citing Exxon and Chevron executives who warned that an oil-market inflection point is nearing as inventory levels are being drained to dangerously low levels amid the continued closure of the Hormuz chokepoint.

### 相關股票

- [XOM.US](https://longbridge.com/zh-HK/quote/XOM.US.md)
- [CVX.US](https://longbridge.com/zh-HK/quote/CVX.US.md)
- [OXY.US](https://longbridge.com/zh-HK/quote/OXY.US.md)
- [XLE.US](https://longbridge.com/zh-HK/quote/XLE.US.md)
- [USO.US](https://longbridge.com/zh-HK/quote/USO.US.md)
- [OIH.US](https://longbridge.com/zh-HK/quote/OIH.US.md)
- [CRAK.US](https://longbridge.com/zh-HK/quote/CRAK.US.md)
- [IXC.US](https://longbridge.com/zh-HK/quote/IXC.US.md)
- [LNGZ.US](https://longbridge.com/zh-HK/quote/LNGZ.US.md)
- [DUG.US](https://longbridge.com/zh-HK/quote/DUG.US.md)
- [BOIL.US](https://longbridge.com/zh-HK/quote/BOIL.US.md)
- [ERY.US](https://longbridge.com/zh-HK/quote/ERY.US.md)
- [XOMX.US](https://longbridge.com/zh-HK/quote/XOMX.US.md)
- [UCO.US](https://longbridge.com/zh-HK/quote/UCO.US.md)
- [IEZ.US](https://longbridge.com/zh-HK/quote/IEZ.US.md)
- [ERX.US](https://longbridge.com/zh-HK/quote/ERX.US.md)
- [IEO.US](https://longbridge.com/zh-HK/quote/IEO.US.md)
- [MLPA.US](https://longbridge.com/zh-HK/quote/MLPA.US.md)
- [VDE.US](https://longbridge.com/zh-HK/quote/VDE.US.md)
- [MLPX.US](https://longbridge.com/zh-HK/quote/MLPX.US.md)
- [BNO.US](https://longbridge.com/zh-HK/quote/BNO.US.md)
- [XES.US](https://longbridge.com/zh-HK/quote/XES.US.md)
- [FCG.US](https://longbridge.com/zh-HK/quote/FCG.US.md)
- [AMLP.US](https://longbridge.com/zh-HK/quote/AMLP.US.md)
- [UNG.US](https://longbridge.com/zh-HK/quote/UNG.US.md)
- [XOP.US](https://longbridge.com/zh-HK/quote/XOP.US.md)
- [XOMZ.US](https://longbridge.com/zh-HK/quote/XOMZ.US.md)
- [UNL.US](https://longbridge.com/zh-HK/quote/UNL.US.md)
- [GS.US](https://longbridge.com/zh-HK/quote/GS.US.md)
- [W4VR.SG](https://longbridge.com/zh-HK/quote/W4VR.SG.md)

## 相關資訊與研究

- [美伊局勢｜滙豐指若霍爾木茲海峽續關閉 大宗商品市場將更擠壓](https://longbridge.com/zh-HK/news/288386838.md)
- [原油進入新的定價狀態](https://longbridge.com/zh-HK/news/288498902.md)
- [中東局勢再度緊張，歐洲天然氣價格大幅攀升](https://longbridge.com/zh-HK/news/288598701.md)
- [OPEC+ 分析師會議研判：即便霍爾木茲迅速復航 原油供應中斷仍將持續至年末](https://longbridge.com/zh-HK/news/288342100.md)
- [伊朗衝突擾動油市，巴西石油公司機會與風險並存](https://longbridge.com/zh-HK/news/288619511.md)