Gulf Oil Production Falls 57% Below Pre-War Levels, Per Goldman Sachs
Goldman Sachs reports that Gulf oil production has dropped by 57% from pre-war levels, citing capacity constraints and operational challenges. The bank warns that a full recovery may take longer than expected, even after the Strait of Hormuz reopens, due to potential infrastructure attacks and equipment shortages.
Tickers: $GS
Topics: energy infrastructure Goldman Sachs analysis Gulf conflict oil production Strait of Hormuz