Persian Gulf Crude Exports Top 14M Bpd as Hormuz Oil Flows Rebound

Persian Gulf Crude Exports Top 14M Bpd as Hormuz Oil Flows Rebound

TLDR: Persian Gulf crude exports topped 14M bpd, rebounding over 210% from the roughly 4.5M bpd March low. Hormuz crude flows reached a 13.5M bpd seven-day average in late September, matching pre-war levels. Middle East crude shipments averaged 19.5M bpd, beating the roughly 17M bpd pre-war benchmark by 2.5M bpd. Refined fuel exports remain at [...]

Oil and Fuel Exports Near Prewar Levels with Alternate Routes, Data Firm Says

Gulf oil and fuel exports have recovered to about 21.8 million barrels per day, nearing prewar levels as alternative routes help offset disruptions through the Strait of Hormuz.