Goldman Sachs: Gulf oil exports double

A report from Goldman Sachs states that oil exports from Gulf countries, including oil transported freely without the use of GPS systems, have resumed their upward trend, reaching 23.3 million barrels per day last week—an level consistent with the 2025 average. In September, crude oil exports totaled around 19 million barrels per day, which is 108% of the 2025 average, supported by increased transit through the Strait of Hormuz. However, diesel, gasoline, and jet fuel exports remain at about 50% of the 2025 average. The bank forecasts that Brent crude prices will fall to $85 by the end of 2026, although concerns persist about a potential escalation that could push prices higher again.

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