Goldman Sachs: Strong crude oil exports from regions outside the Persian Gulf and weak demand from China are helping to partially offset market tightening caused by extremely low exports from the Gulf.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
45% of the impact suffered by crude oil and condensate exports from the Persian Gulf is currently being offset, mainly thanks to increased exports from the Americas. However, the decline in refined product exports has not yet seen any net offset effect. An increase in export volume does not necessarily equate to higher production, as exports may come from inventory drawdowns. This has already been reflected in the US market.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Meta Reportedly Challenges UK Regulator Over Online Safety Act Rules
MT newswire•2026/09/21 09:53
Teradyne Introduces Optical Test Platform for MicroLEDs
MT newswire•2026/09/21 09:53

CleanSpark Prices $2.276 Billion in Senior Secured Notes
BlockchainReporter•2026/09/21 09:42
Pfizer Agrees to Share Incremental Overseas Drug Revenue With HHS
MT newswire•2026/09/21 09:38
Crypto prices
MoreBitcoin
BTC
$84,666.03
+5.24%
Ethereum
ETH
$2,721.61
+5.46%
Tether USDt
USDT
$0.9998
+0.01%
BNB
BNB
$784.77
+4.35%
XRP
XRP
$1.47
+6.41%
USDC
USDC
$0.9999
-0.01%
Solana
SOL
$115.56
+6.60%
TRON
TRX
$0.3442
+0.72%
Zcash
ZEC
$1,506.58
+4.43%
Hyperliquid
HYPE
$95.13
+4.61%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now