Gulf Oil Exports Recover to Two-Thirds of Pre-War Levels, Goldman Sachs Says
Source Summary
Oil exports from the Persian Gulf have rebounded to approximately 15–16 million barrels per day, recovering about 5–6 million bpd from March lows, according to Goldman Sachs. The rebound remains about 7–8 million bpd below pre-war typical levels. Goldman Sachs analysts suggest the export recovery could limit oil price increases even if Middle East conflict continues.
Why it matters
Recovering export volumes could moderate crude oil price pressures despite ongoing regional conflict, affecting global energy costs and market stability.
