Gulf Oil Exports Rebound Despite Iran War
4 Articles
4 Articles
Goldman Sachs estimates that oil exports from the Persian Gulf have recovered to about two-thirds of pre-war levels.
Gulf Oil Exports Rebound Despite Iran War
Oil volumes moving out of the Persian Gulf have recovered to about two-thirds of the typical levels from before the Iran war, Goldman Sachs says, noting that the jump in exports could cap oil prices even if the Middle East conflict drags on further. As many as 15 million to 16 million barrels per day (bpd) of crude and petroleum products are now leaving the whole Middle East region, about 5 to 6 million bpd above the March trough, Goldman Sachs …
According to Goldman Sachs, oil exports from the Persian Gulf have recovered to about two thirds of the pre-war level, limiting the impact of the Iran war on world crude oil prices. Total exports of crude oil and oil products from the region have risen to 15 million to 16 million barrels per day, according to [...] The post oil exports from the Persian Gulf are said to have reached two thirds of the pre-war level appeared first on financial mark…
Brent crude oil is trading at $88.06 per barrel in international futures markets.
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