A Goldman Sachs executive said the flow of refined petroleum products through the Strait of Hormuz has fallen to 35% of pre-war levels, while crude oil is at 70%. The supply disruption in the Middle East affects refined products more severely, especially diesel. Kpler data shows daily exports of 2.2 million barrels of products and 14.95 million barrels of crude last year.
A Goldman Sachs executive stated that the flow of refined petroleum products through the Strait of Hormuz has dropped to 35% of pre-war levels, while crude oil flow stands at 70%. The executive noted that supply disruptions in the Middle East have a greater impact on refined products, particularly heavy diesel. According to Kpler data, the strait saw approximately 2.2 million barrels per day of refined products and 14.95 million barrels per day of crude oil last year.
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