Oil flow returns to pre-war levels. Why doesn't the price fall?
Oil exports from the Persian Gulf have already recovered to levels slightly above those before the Middle East war. So why is a barrel of Brent still above $100? The question was posed by Goldman Sachs in a report showing data on the recovery of oil flow.
Oil exports from the Persian Gulf have recovered to pre-war levels, but Brent crude prices remain above $100 per barrel. According to a Goldman Sachs report, this is due to a higher risk premium in the market, driven by concerns over a potential escalation of the conflict between Iran and the US. The bank projects prices to remain high, with Brent expected to fall to $85 by the end of the year and $80 in 2027. Global stockpiles are low, and countries are seeking to replenish their reserves, contributing to the high prices.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
