Goldman Sachs: oil exports from the Persian Gulf resumed to about two thirds before the war

According to the Goldman Sachs Group, oil exports from the Persian Gulf have returned to about two thirds of pre-war levels. Driven by increased traffic through the Strait of Hormuz, the region ' s total exports of crude oil and petroleum products have risen to between 15 and 16 million barrels per day, still between 7 and 8 million barrels below pre-conflict levels, but far below the March point of 5 to 6 million barrels. The size of oil transported only through the Strait of Hormuz may be close to the estimated 8-10 million barrels per day by United States officials. According to Goldman Sachs analysts, the increase in the number of ship-to-ship tracking signals closed by professional carriers, as well as the increase in ship-to-ship trans-shipment, indicate that producers and carriers are adapting to the Middle East conflict. Although large quantities of oil are being shipped out of the Persian Gulf, the transport of liquefied natural gas and finished oil is low. Goldman Sachs also indicated that, in a scenario of continued supply disruptions, European gas prices and long-term oil prices were expected to increase more than crude oil。