Saudi Oil Sale Signals More Hormuz Exits
Goldman Sachs said shuttle services and ship-to-ship transfers have lifted Gulf flows, with 15 million to 16 million barrels a day now leaving the region.
- Goldman Sachs estimates Gulf states are exporting 15 million to 16 million barrels per day, representing more than 60% of pre-war supply levels.
- Driven by regional threats in the Strait and Red Sea, specialized shippers are increasingly using dark crossings and ship-to-ship transfers to bypass chokepoints.
- Earlier this week, Qatar and Kuwait boosted exports to 70% of pre-war levels by following the United Arab Emirates in using ship-to-ship transfers in the Gulf of Oman.
- Daan Struyven, head of oil research at Goldman, told clients that "shipping markets now price in disruptions likely continuing well into 2027," moderating upside to crude prices.
- Tracking remains difficult as more tankers leave the Gulf with transponders turned off, while limited satellite coverage delays accurate volume revisions.
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Oil exports from the Persian Gulf region have recovered to about 15-16 million barrels per day. This is about two-thirds of the level corresponding to what was recorded before the conflict. At its lowest point, the volume fell to 5 million barrels. Goldman Sachs analysts
More and more oil from the Persian Gulf countries is entering the global market
Oil exports from the Persian Gulf region have recovered to approximately 15-16 million barrels per day. This is about two-thirds of the pre-conflict level. At its lowest point, the volume fell to 5 million barrels.Goldman Sachs analysts note...
Oil futures fall as Persian Gulf exports may have recovered to two-thirds of pre-war levels
Crude oil fell as traders took notice that more oil is covertly making it out of the Persian Gulf region. Goldman Sachs estimates flows have recovered to about two-thirds of pre-war levels.
Persian Gulf oil exports rebound to two-thirds of pre-war levels — could keep oil below $90 mark
Oil exports from the Persian Gulf have rebounded to roughly two-thirds of pre-war levels, which could keep prices below $90 even if the Iran war drags on, according to Goldman Sachs analysts.
“Dark” Tanker Fleet Shatters Iran’s Hormuz Stranglehold As Gulf Oil Exports Top Two-Thirds Of Pre-War Level
“Dark” Tanker Fleet Shatters Iran’s Hormuz Stranglehold As Gulf Oil Exports Top Two-Thirds Of Pre-War Level Brent crude futures initially jumped overnight after The Wall Street Journal reported that President Trump has no interest in reviving the memorandum of understanding (interim peace deal) reached with Iran in June. The war-risk premium in Brent has since faded in New York premarket trading amid mounting developments this week that major G…
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