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Goldman: Persian Gulf exports rebound to 15–16 million bpd

8/28/2026

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Story summary
  • Goldman Sachs analysts say Persian Gulf oil exports rose to about 15-16 million barrels per day.
  • Exports stay 7-8 million barrels per day below pre-conflict levels but far above the March trough of 5-6 million.
  • Higher dark-ship flows and ship-to-ship transfers are moderating crude price upside despite ongoing Middle East disruptions.
  • Global crude prices fell to around $89 a barrel from over $120 in April, helped by the export rebound.