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Mideast Oil Flows Near Pre-War Levels Amid Ongoing War Risks

Guavy AI Editorial Team
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JPM
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Crude oil flows from the Middle East are recovering rapidly, according to estimates from JPMorgan Chase & Co. and Goldman Sachs Group Inc. Despite ongoing war risks, these major banks believe that oil exports from the region are approaching pre-war levels.

JPMorgan analysts, including Natasha Kaneva, stated in a September 29 note that 'the Middle East's oil export arteries are flowing again.' This recovery is described as 'remarkable' for a region still at war, although it has been uneven.

According to JPMorgan, crude oil flows from the Mideast have reached 98% of pre-war levels. Goldman Sachs also estimates that these flows are near pre-war levels, although their exact figure is not mentioned in the source.

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