Gulf Oil Exports Rebound to 23.3 Million BPD as Goldman Sachs Forecasts Price Drop

Key Facts

1Persian Gulf oil exports recovered to 23.3 million barrels per day over the last week, returning to pre-war levels.

2Goldman Sachs analysts expect Brent prices to moderate to $85 per barrel by year-end and $80 in 2027.

3Saudi Arabia led the export recovery, and the East-West pipeline has reportedly restarted following a drone attack disruption.

Persian Gulf oil exports recovered to 23.3 million barrels per day over the last week, returning to levels seen before the conflict. Saudi Arabia led the export recovery, and the East-West pipeline has reportedly restarted following a previous disruption caused by a drone attack. Goldman Sachs analysts noted that estimated "dark exports" helped boost these volumes ahead of the Northern Hemisphere winter, according to reports cited by ZeroHedge.

Goldman Sachs analysts expect Brent prices to moderate to $85 per barrel by the end of the year and $80 in 2027 as Middle East supply adapts. In equity markets, GS closed at $916.24 on September 29, 2026, while JPM was trading at $332.7515 on September 30, 2026. Additionally, MS closed at $192.76 on September 29, 2026, as markets monitor the stabilization of regional energy flows.