JP Morgan and Goldman Sachs Diverge on Middle East Oil Flow Recovery
Source Summary
JP Morgan's analysts estimate that crude oil exports from the Middle East have recovered to 98% of pre-war levels, averaging 17.5 million barrels daily in September, with fuel exports at 58% of pre-war levels at 3 million barrels daily. The bank stated that "the Middle East's oil export arteries are flowing again" in a Thursday note. Goldman Sachs holds a different view on the recovery estimates, though specific details of their divergence are not provided in the available content.
Why it matters
Middle East oil export recovery to near pre-war levels affects global crude supply, pricing, and energy market stability.
What remains uncertain
The specific estimates and reasoning behind Goldman Sachs' divergent view on oil flow recovery are not detailed in the supplied content.
