Sept 1 (Reuters) - HSBC:
SAYS AS WE EXIT SUMMER AND DEMAND DROPS, THE OIL MARKET SURPLUS SHOULD SWELL IN 4Q25 AND 1Q26
FORECASTS A 1.6 MBD SURPLUS IN 4Q25 AND 1.9 MBD IN 2026
MAINTAINS $65/B BRENT FORECAST FROM 4Q25; AND EXPECTS DOWNSIDE RISKS IF STOCKS BUILD IN OECD, OR IF OPEC+ CONTINUES TO HIKE SUPPLY