Iranian Crude Exports Stall as Gulf Producers Lift Flows Above Pre-War Levels
Fresh Iranian crude exports have effectively halted while shipments from Saudi Arabia, the UAE and other Arab producers have recovered sharply, according to tanker-tracking data cited by Gulf News.
Kpler data showed regional crude exports averaged about 16.5 million barrels per day in September before rising to roughly 19.5 million bpd in the final week, above the approximately 17 million bpd pre-war level, CNBC reported. Some recent weekly measurements exceeded pre-war volumes, according to Gulf News.
Asia's crude imports are rising as Strait of Hormuz flows recover, though volumes remain below pre-conflict levels, according to The Electricity Hub. The region was expected to import about 22.18 million barrels per day of crude in June, compared with 20.35 million bpd in May.
Refined fuel exports remain 13% below pre-conflict levels, keeping diesel, gasoline and jet fuel prices elevated, according to The Electricity Hub.
Source: gulfnews.com (opens in a new tab)2 sourcesPermalink