Mideast oil exports rebound in September as Saudi Arabia boosts shipments
- Crude oil exports from key Middle Eastern producers rose to 12.8 million barrels per day in September, the highest level since the war began, according to Kpler.
- Saudi Arabia increased or was expected to ship about 5.4 million barrels per day, up from 2.5 million in August, while the United Arab Emirates also increased exports.
- Exports through the Strait of Hormuz were expected to reach about 7.4 million barrels per day in September.
- Despite the rebound, regional exports remained about 6 million barrels per day below February’s 18.8 million barrels per day, according to Kpler.
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Oil prices are taking off this Thursday against the backdrop of increased tensions in the Middle East and possible new American strikes against Iran.
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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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