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<Commodity>G Sachs Estimates 6 Mths to Restore 88% of Lost Oil Output if Hormuz Strait Reopens
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Oil production in the Gulf region would recover relatively quickly if the Strait of Hormuz reopens, Goldman Sachs wrote in a report. That said, tanker transportation constraints, well damage, and country-specific risks could drastically delay a full return to pre-war production levels. In Goldman Sachs' estimation, Gulf oil output will recover about 70% of lost production within three months after the strait reopens, and it will take another three months to reach around 88% of lost production. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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