đšUPDATE: Gulf oil exports have DOUBLED in September, reaching 23.3 MILLION barrels per day, as per Goldman Sachs and JP Morgan.
Crude shipments have now RECOVERED to 108% of their 2025 average, signaling a major normalization in regional oil flows.
But refined products remain constrained, with diesel and jet fuel exports still at just 50% of normal levels due to refinery outages and shipping risks.
Goldman says the global oil market is now roughly balanced and is maintaining its $85 Brent year-end forecast.
JP Morgan analyst warns, âBut higher crossings should not be mistaken for improved safety. Rather, they reflect the industryâs increasing ability to operate under sustained risk.â
#GulfOil #OilPrices #OilExports #crudeoil #GulfOilMiddleEast #middleeast
Crude shipments have now RECOVERED to 108% of their 2025 average, signaling a major normalization in regional oil flows.
But refined products remain constrained, with diesel and jet fuel exports still at just 50% of normal levels due to refinery outages and shipping risks.
Goldman says the global oil market is now roughly balanced and is maintaining its $85 Brent year-end forecast.
JP Morgan analyst warns, âBut higher crossings should not be mistaken for improved safety. Rather, they reflect the industryâs increasing ability to operate under sustained risk.â
#GulfOil #OilPrices #OilExports #crudeoil #GulfOilMiddleEast #middleeast
