Gulf Oil Exports Recover to 81% of Pre-War Levels
Saudi exports drove the rebound as Gulf crude shipments averaged 81% of pre-war levels, analysts said, while fuel flows remained well below earlier rates.
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Gulf oil flows rise to average 81% of pre-war rate in September, data shows
Specialized data showed that oil flows from the Gulf, excluding Iran, rose to more than 81% of pre-war levels in September, with support from the recovery of Saudi exports despite the region's turmoil.
Persian Gulf oil exports excluding Iran recovered to around 75-81 percent of pre-war levels in September, primarily due to surging exports from Saudi Arabia, while Iranian exports fell to zero due to the US blockade.
The flow of oil ships has partly resumed in the Strait of Ormuz and the Arabian Peninsula has reorganized its oil flows, via the East-West Saudi pipeline or the one to Fujairah, on the Gulf of Oman. But tensions persist on refined products. And if the members of the G7 have agreed to release 100 million barrels of their strategic reserves, China, again, is buying oil to rebuild its stocks.
Gulf Crude Exports Recover To 91% Of Pre-War Levels As Saudi Shipments Surge
Crude oil and condensate exports from Gulf producers recovered to 91 percent of their pre-war levels in September as Saudi Arabia sharply increased shipments and regional producers adapted to persistent disruption around key shipping routes. Fresh shipping data showed crude and condensate flows recovering close to the levels recorded before the Middle East conflict, providing […]
Gulf Oil Flows Recover to Over 81% of Prewar Levels
Oil flows from the Gulf region, excluding Iran, rose in September to more than 81% of prewar levels, supported by a recovery in Saudi exports despite attacks on the Kingdom’s oil infrastructure and an escalation in Iranian attacks on regional shipping. Iranian exports, meanwhile, fell to zero amid the U.S. blockade.
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