JPMorgan and Goldman see Middle East oil flows near pre-war levels
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Watch JPMorgan, Goldman See Mideast Oil Flows Near Pre-War Levels
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to JPMorgan Chase & Co. and Goldman Sachs Group Inc. Shipments of crude oil have rebounded to 98% of pre-war levels, while flows of products such as diesel and gasoline were at 58%, according to JPMorgan. Meanwhile, Goldman Sachs said oil exports from the Persian Gulf had recovered to 23.3 million barrels a day over the last week, in line with the 2025 average. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.
Mideast crude oil flows hit 98% of pre-war level, JPMorgan says
Shipments of crude oil have rebounded to 17.5 million barrels a day, or 98% of pre-war levels, while flows of products such as diesel and gasoline were at 3 million barrels a day, or 58%, according to JPMorgan.
According to estimates by JPMorgan Chase & Co. (“J.P. Morgan”) and Goldman Sachs Group Inc. (“Goldman Sachs”), crude oil flows from the Gulf region are returning to pre-war levels despite continuing risks to shipping. “Middle East oil export arteries are functioning again,” J.P. Morgan analysts said in an analysis.
According to calculations by JPMorgan, deliveries have almost reached pre-war levels. This could dampen the concern about acute supply shortages on the oil market. However, the recovery is on uncertain foundations. Tankers pass the Strait of Hormus partly with shut-down AIS transponders, while attacks continue. [...] The post Middle East oil exports reach 98% – why warning is premature appeared first on financial marketwelt.de.
Goldman Sachs reported that oil exports from the Persian Gulf, including clandestine shipments, doubled in September and returned to the 2025 average. JPMorgan, meanwhile, reported on crude oil exports from the Middle East...
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