Business
Gulf oil exports recover to 2025 levels, Goldman Sachs says
September 30, 2026 at 08:36 AM · Updated 16d ago
Coverage
4 reports · 3 in Arabic, 1 in English · over 6 hours
AJAl Jazeera English
‘Economic war’: Is Iran losing its leverage over the Strait of Hormuz?
(opens the publisher’s site)
MAMasrawy
صادرات الخليج تتعافى.. وجولدمان ساكس يتوقع تراجع النفط إلى 85 دولارًا
(opens the publisher’s site)
AJAl Jazeera Arabic
غولدمان ساكس: صادرات نفط الخليج تتعافى لمستويات 2025
(opens the publisher’s site)SNSky News Arabia
غولدمان ساكس: صادرات نفط الخليج تضاعفت في سبتمبر
(opens the publisher’s site)Goldman Sachs said Gulf oil exports recovered to 23.3 million barrels per day last week, in line with the 2025 average.
- Crude oil flows accounted for about 90 percent of the September recovery, reaching 19 million barrels per day, or 108 percent of the 2025 average.
- The bank said refined product and liquefied petroleum gas exports grew, but diesel, gasoline and jet fuel exports remain at 50 percent of their 2025 average.
- Goldman Sachs forecast Brent crude to fall to $85 per barrel by year-end and $80 in 2027.
- The recovery was driven by increased shipments through the Strait of Hormuz, including ship-to-ship transfers.
- Goldman Sachs warned that renewed escalation could damage energy infrastructure and push prices significantly higher.
- Brent is heading toward a monthly gain of about 14 percent in September, the largest since July 2025.
- Kpler data showed Middle East crude exports recovered to just under 80 percent of their pre-war level, with some ships crossing with tracking systems off.