Home Business & Finance Goldman Says Hormuz Oil Flows May Recover to Only 70% After War
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Goldman Says Hormuz Oil Flows May Recover to Only 70% After War

Goldman Says Hormuz Oil Flows May Recover to Only 70% After War
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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%.”
Goldman (ORG) Hormuz Oil Flows (PERSON) War Energy Goldman (ORG) War Oil (EVENT) the Strait of Hormuz (LOCATION) Goldman Sachs Group Inc. (ORG) Hormuz (LOCATION) Yulia Zhestkova Grigsby (PERSON) Pre-War Hormuz Flows (EVENT)
Originally published by Bloomberg Markets Read original →