From Dw · · 50s
Middle East oil exports rebound after Hormuz attacks
Middle East oil exports rebound to pre-Iran war levels despite Hormuz attacks.
In brief
Middle East oil exports rebound to pre-Iran war levels despite Hormuz attacks. Middle East crude oil exports excluding Iran rose above pre-war averages to 19.5-22.5 million barrels per day in late September despite ongoing Strait of Hormuz attacks. Originally reported by Dw.
Oil exports rebound
Middle East crude oil exports excluding Iran rose above pre-war levels in late September.
Exceeding pre-war averages
Exports reached 19.5 to 22.5 million barrels per day on four days in late September.
Hormuz bypassed
40% of crude left Gulf without crossing Hormuz in September.
Ship-to-ship transfers
70% of crude changed tankers offshore in Gulf of Oman in August.
Red Sea exports
Saudi Arabia increased exports through Red Sea, UAE used Fujairah pipeline.
Iran exports remain low
Iran's exports still below pre-war levels due to US policies.
What matters most
Middle East crude oil exports excluding Iran rose above pre-war averages to 19.5-22.5 million barrels per day in late September despite ongoing Strait of Hormuz attacks.
