Qatar and Kuwait Restore 70% of Pre-War Oil Exports Through Hormuz

Qatar and Kuwait add to growing oil exports through Hormuz, restoring 70% of pre-war flows

Persian Gulf oil producers Qatar and Kuwait are sending more crude oil through the Strait of Hormuz, boosting their oil exports from the vital waterway to 70% of pre-war levels.

Kuwait, Qatar Ramp Up Hormuz Oil Flows As Oman-Iran Talks Ease Supply Fears

Kuwait, Qatar Ramp Up Hormuz Oil Flows As Oman-Iran Talks Ease Supply Fears Brent crude futures fell to an intraday low of $86.22 a barrel early Thursday before recovering above $88 by 0630 ET. The benchmark is down 6.3% this week as traders unwind part of the war-risk premium amid growing optimism that renewed diplomatic efforts involving Iran, Oman and Qatar could reduce the threat of drone attacks on tankers in the critical waterway. Bloomber…

Qatar and Kuwait Restore 70% of Pre-War Oil Exports Through Hormuz

Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling oil through the chokepoint and using ship-to-ship transfers in the Gulf of Oman, anonymous traders told Bloomberg on Thursday.   Before the Middle East conflict, Qatar and Kuwait collectively exported about 2 million barrels per day (bpd) of crude oil via the Strait of Hormuz. Th…

Kuwait, Qatar Cargoes Boost Hormuz Oil Flows

The two countries, which exported a combined two million barrels a day of oil before the outbreak of the Iran war, have managed to get shipments back to 70...