👈 Goldman Sachs: Return of oil export volume to two-thirds of pre-war level

According to Goldman Sachs, oil exports from the Persian Gulf have improved to 15 to 16 million barrels per day—about two-thirds of the pre-war level.

Tankers are increasingly “going dark” (stopping the broadcasting of their location signals) and using ship-to-ship transfers to bypass disruptions, which has helped bring oil prices down to around $89 from $120+ in April.

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