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Home›Commodities›Energy›Renewed Persian Gulf tensions could delay Middle East…

Renewed Persian Gulf tensions could delay Middle East oil recovery

Goldman Sachs said renewed risks around the Strait of Hormuz could slow the production recovery even as some Persian Gulf producers reopen shut-in wells.

Reported · Written up by our desk · Energy

A week after warning that an oil glut could be coming, Goldman Sachs flagged fresh risks to global supply from renewed hostilities in the Persian Gulf, OilPrice reported. Bloomberg, as cited by OilPrice, said commodity analysts expect potential Strait of Hormuz disruptions could slow the pace of the Middle East production recovery.

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Sources

OilPriceGoldman Sachs Sounds Alarm Over Fresh Threat to Global Oil Supplies

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