Goldman Sachs: Middle East Tensions Could Slow Persian Gulf Oil Recovery, June Output Down 10.5M bpd

According to Goldman Sachs, Persian Gulf crude output in June remained about 10.5 million barrels per day below pre-conflict levels. The bank warned that further disruptions to shipping through the Strait of Hormuz could slow the recovery of Middle Eastern oil supply, despite producers beginning to restart previously shut-in wells over the past month.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments