According to Goldman Sachs, how much Gulf oil output was offline in April and what was the main cause?

Goldman Sachs estimated that about 14.5 million barrels per day of Gulf crude output — around 57% of pre-war supply — was offline in April, largely due to precautionary shutdowns and stock management rather than physical damage to oilfields.

What are the key logistical and technical constraints that could slow the recovery of Gulf oil production after the Strait of Hormuz reopens?

Key constraints include a 50% drop in available empty tanker capacity in the Gulf (about 130 million barrels), limiting export speed once the strait reopens, and prolonged well shut-ins that risk reducing flow rates — especially in lower-pressure reservoirs — requiring workovers before full output can be restored; Goldman noted that the longer production remains curtailed, the slower the recovery is likely to be.

Gulf oil output likely to rebound within months after Hormuz reopening, Goldman says

Apr 23, 2026

Goldman Sachs forecasts Gulf crude output will largely rebound within months after the Strait of Hormuz reopens, though logistics constraints and well performance risks may slow recovery despite significant spare capacity in Saudi Arabia and the UAE.

reuters

2026-04-13

Oil Price Tops $100 a Barrel as US Blockades Strait of Hormuz; Goldman Sachs Posts Profit Rise

2026-04-15

Goldman Sachs flags two-way risks to its 2026 oil price outlook

2026-04-17

Goldman sees softer oil demand, flags two-sided risks to 2026 price outlook

2026-04-23

Gulf oil output likely to rebound within months after Hormuz reopening, Goldman says

2026-04-26

Goldman Sachs Raises Oil Price Forecasts on Tight Supply