GOLDMAN SACHS ON OIL: RECENT ATTACKS HIGHLIGHT HOW UNCERTAIN GULF EXPORTS REMAIN AND SERIOUS RE-ESCALATION COULD RE-INTENSIFY SHORT RUN UPSIDE RISK TO OIL PRICES

July 13 (Reuters) - GOLDMAN SACHS:

  • ON OIL, ESTIMATES EFFECTIVE PIPELINE CAPACITY WILL RISE BY AN ADDITIONAL 3.8MB/D BY END-2027 AND 7.3MB/D CUMULATIVELY BY END-2028

  • SAYS RECENT ATTACKS HIGHLIGHT HOW UNCERTAIN GULF EXPORTS REMAIN AND SERIOUS RE-ESCALATION COULD RE-INTENSIFY SHORT RUN UPSIDE RISK TO OIL PRICES

  • SAYS EVENTUAL EXPANSION OF PIPELINE CAPACITY BYPASSING HORMUZ POSES DOWNSIDE RISK TO LONG-DATED PRICE ASSUMPTION OF $76/BBL


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