The Conservative Cave
Current Events => General Discussion => Topic started by: SVPete on September 30, 2026, 11:34:24 AM
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In Today's News: Gulf Oil Exports 'Fully Recover to 2025 Levels'
https://hotair.com/tree-hugging-sister/2026/09/30/in-todays-news-gulf-oil-exports-fully-recover-to-2025-levels-n3819466 (https://hotair.com/tree-hugging-sister/2026/09/30/in-todays-news-gulf-oil-exports-fully-recover-to-2025-levels-n3819466)
Well...hello.
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan Chase & Co. and Goldman Sachs Group Inc.
“The Middle East’s oil export arteries are flowing again,” JPMorgan analysts including Natasha Kaneva said in a Sept. 29 note. That’s “a remarkable recovery for a region still at war,” although it’s been uneven, they said.
It sounds as if nearly every cylinder was firing and the Saudi repairs to drone-damaged pipelines were completed much more expeditiously than anticipated.
...The global oil market is zeroed in on the volumes of oil and products coming out of the region as the conflict between the US and Iran enters its eighth month. In addition to shipments going via the Strait of Hormuz, Saudi Arabia has managed to restore about half the flows on its East-West pipeline after damage earlier this month to the cross-country conduit, which feeds its Red Sea ports.
1. This information is not sourced from a blog like Gateway or Fox News. Bloomberg, et al are pretty mainstream, though I'm sure some DU-grade Progs will reject this info as Reich-Wing.
2. Was the damage to the Saudi pipeline exaggerated by anti-Trump MSM? Or did the Saudi's borrow some C-17s to help transport repair equipment (or have other assistance from the US)?
3. Oil prices, depending on grade, have fallen $5-$10 a barrel the past few days, so DU-grade Progs will be frustrated by gas prices going down again. If oil exports, by whatever means, continue at the same or greater rate, prices may go down even more.