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Commodities

Saudi Arabia's Oil Exports Rebound as Goldman Sachs Sees Supply Risk Premium Eroding

Guavy AI Editorial Team
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Oil
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Brent crude oil futures traded in a choppy range during the European session on Wednesday, hovering around $95.80 per barrel.

Goldman Sachs estimates that Persian Gulf oil exports, including 'dark exports,' have returned to their 2025 average level after doubling in September.

Saudi Arabia led the rebound, surpassing its 2025 average, while Iran did not ship any crude oil by sea in September.

Kpler data show that Middle Eastern exports rebounded to around 16 million barrels per day, with Saudi Arabia resuming loading at Yanbu after the restart of the east, west pipeline.

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