Gulf Oil Exports Rebound Despite Iran War
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.
12 Articles
12 Articles
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…
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 …
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
