Middle East oil exports top pre-war levels in September, but tanker attacks increase
Kpler said exports rose above 18 million barrels per day as Saudi Arabia and the United Arab Emirates used alternative routes.
- Middle East crude exports exceeded pre-war levels in four of the seven days of late September, reaching between 19.5 million and 22.5 million barrels per day despite attacks on vessels in the Strait of Hormuz.
- Before the US-Israeli war with Iran began on February 28, exports averaged 18 million barrels per day between March 2025 and February, establishing the baseline for measuring current performance.
- Shipping intelligence firm Marisks reported at least seven incidents on Saturday, including an October 1 strike on the Kuwaiti Very Large Crude Carrier Kazimah III that caused a fire; all crew members were evacuated safely.
- Current intelligence suggests vessels face a "heightened and increasingly unpredictable kinetic threat" as Iranian forces possibly launch missiles into a predetermined engagement area, or "kill box," rather than targeting individual ships.
- Beyond crude, the overall tally for oil products, chemicals and non-gas liquids averaged 22.4 million barrels per day through September 30, while liquefied natural gas cargoes reached their highest monthly level since February.
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255 Articles
Brent crude oil price rises above $101 on US hurricane threat, Houthi attacks
Brent crude oil price traded above $101 a barrel on Wednesday morning following the attacks by the Houthis on Saudi sites and amid concerns about the possible impact of a hurricane on the oil producing regions in the US.
Oil prices rise as storms and air strikes threaten supply
PERTH: Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.
Oil prices rise as storms and air strikes threaten supply, Money News
PERTH — Oil prices rose on Wednesday (Oct 7) as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.Brent futures rose 93 cents, or 0.92 per cent, to US$101.51 (S$129) a barrel by 12.22am GMT (8.22am SGT). US West Texas...
Despite the increase in crude flows from the Middle East, the growing shortage of oil tankers is creating a new bottleneck.
Brent's futures price dropped below $100 a barrel.
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