Business & Finance
Goldman Says Hormuz Oil Flows May Recover to Only 70% After War
Key Points
Energy Goldman Says Hormuz Oil Flows May Recover to Only 70% After War Oil flows going through the Strait of Hormuz may recover to only about 70% of their pre-war level, according to Goldman Sachs Group Inc., which highlighted regional producers leaning on alternative routes. “This normalization in gulf exports to pre-war levels might be achieved with a 13-million-barrel-a-day increase in Hormuz flows from current levels,” analysts including Yulia Zhestkova Grigsby wrote in a June 17 note...
Energy
Goldman Says Hormuz Oil Flows May Recover to Only 70% After War
Oil flows going through the Strait of Hormuz may recover to only about 70% of their pre-war level, according to Goldman Sachs Group Inc., which highlighted regional producers leaning on alternative routes.
“This normalization in gulf exports to pre-war levels might be achieved with a 13-million-barrel-a-day increase in Hormuz flows from current levels,” analysts including Yulia Zhestkova Grigsby wrote in a June 17 note entitled “70% of Pre-War Hormuz Flows Might Become the New 100%.”