Gulf Oil Exports Recovered; Prices Remain High
Gulf oil exports have returned to prewar levels as producers adapt to navigating the Middle East conflict, yet oil prices remain elevated. Analysts suggest market nervousness over dwindling oil stockpiles is contributing to the sustained high prices.
Oil exports from the Gulf have recovered to prewar levels in recent days as producers have become more adept at navigating the war in the Middle East. That has not done much to ease oil prices. Goldman Sachs analysts said markets remain nervous about dwindling oil stockpiles.