Mideast oil exports rebound in September as Saudi Arabia boosts shipments
- Middle Eastern crude exports rose to about 12.8 million barrels per day in September, the highest level since February, according to Reuters.
- Saudi Arabia and other Gulf producers used the Strait of Hormuz, pipelines, ports, and ship-to-ship transfers to restore shipments toward prewar levels.
- Tanker attacks and higher insurance costs continued to threaten the recovery, while the Strait of Hormuz carried less oil than before the war.
- Oil prices remained above prewar levels.
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ledauphine.com
Oil prices are taking off this Thursday against the backdrop of increased tensions in the Middle East and possible new American strikes against Iran.
The
Oil prices rose sharply on news that the US is considering possible new military options against Iran. Tanker security in the Strait of Hormuz, low inventories, and the limited impact of strategic reserves have reignited supply concerns in global energy markets.
The oil race triggered today by the hypothesis of a new American attack on Iran before the midterm elections does not stop. International prices rise by more than 5%. (ANSA)
Statements about possible new US attacks on Iran and the potential closure of alternative transit routes through the Strait of Hormuz have triggered global supply concerns. Brent crude oil prices rose by over 4%. This sharp increase in oil prices has led to new increases in fuel prices in Türkiye.
Brent crude jumped nearly 4 percent on Thursday to near $104 a barrel, recovering from a decline in the previous trading session.
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