Crude oil exports from major Middle Eastern producers rebounded in September to their highest level since the U.S.-Israeli war on Iran began in late February, according to data from analytics firm Kpler.
Exports from Saudi Arabia, the United Arab Emirates, Iraq, Oman, Qatar, Kuwait and Iran reached an estimated 16.328 million barrels per day (bpd) this month, supported by stronger Saudi and Emirati shipments.
The rebound followed a recovery in crude exports through the Strait of Hormuz, which were projected to reach about 9.719 million bpd in September.
Saudi Arabia also redirected some crude exports after attacks damaged its East-West pipeline, reducing flows from the Red Sea port of Yanbu.
Despite the recovery, regional crude exports remained about 3.2 million bpd below February levels, when shipments stood at 19.513 million bpd.
Kpler said Middle Eastern crude exports were still running at just under 80 per cent of pre-conflict levels.
Saudi Arabia, the region’s biggest oil exporter, was on track to ship about 5.4 million bpd in September, sharply higher than 2.446 million bpd in August.
Exports from the kingdom’s Ras Tanura terminal in the Gulf rose to around 3.25 million bpd from 929,000 bpd a month earlier.
However, shipments from the terminal remained well below the 6.411 million bpd recorded in February.
Kpler data also showed that 19 very large crude carriers, each capable of transporting about 2 million barrels of Saudi oil, passed through the Strait of Hormuz last week.
The figures cover cargoes passing through the Strait of Hormuz, including ship-to-ship transfers in the Gulf of Oman, as well as shipments from terminals in Fujairah, Oman and the Red Sea.
The data does not include vessels that may have crossed the strait with their Automatic Identification System transponders switched off.
Before the conflict with Iran began on 28 February, the Strait of Hormuz typically handled around 125 large commercial vessels each day.
The waterway accounted for about 20 per cent of global daily crude oil and liquefied natural gas supplies, making it one of the world’s most important energy shipping routes.
Georgia and Armenia have resumed talks on their 225-kilometre border after years of limited progress, with disputes over historical boundaries, far...
China has extended the suspension of its additional 24 per cent tariff on U.S. goods for another two months, while keeping a 10 per cent levy in pl...
Russia and Ukraine are set to return to Abu Dhabi on Tuesday for a fourth round of U.S.-brokered peace talks, with European participation, security...
The gunman who allegedly killed six people in Poland’s unprecedented mass shooting in central Kraków on Saturday has died in hospital, police said early Monday. The attacker had demonstrated advanced military-style marksmanship skills, according to a spokesperson for the shooting club he attended.
Poland has declared two days of national mourning after a gunman opened fire in Kraków's historic main square. Investigators are examining possible far-right influences and the discovery of three bodies at the suspect's home.
Monday marks the second of two days of national mourning in Poland as police bolstered security after six people were killed in a mass shooting in Kraków.
The Saudi-led coalition fighting Yemen's Houthis said it intercepted and destroyed two ballistic missiles fired by the Iran-aligned group towards Riyadh on Sunday (8 November), after loud booms were heard in the Saudi capital. The Aramco building was damaged by falling debris.
Azerbaijan is marking the sixth anniversary of Victory Day on Sunday, 8 November, with President Ilham Aliyev visiting the Victory Monument in Khankendi, laying a wreath and paying tribute to servicemen killed during the 44-day Second Garabagh War in 2020.
China has extended the suspension of its additional 24 per cent tariff on U.S. goods for another two months, while keeping a 10 per cent levy in place, as Beijing and Washington seek to maintain their fragile trade truce.
Russia and Ukraine are set to return to Abu Dhabi on Tuesday for a fourth round of U.S.-brokered peace talks, with European participation, security guarantees and territorial disputes expected to shape the negotiations.
The bodies of 13 migrants have been recovered from a boat off the Greek island of Crete, the Greek coast guard said on Monday. A further 18 people were rescued, with four taken to hospital.
Israeli President Isaac Herzog has tasked Gadi Eisenkot, Prime Minister Benjamin Netanyahu’s main rival, with trying to form a government after an inconclusive election. The decision, announced on Saturday, follows a vote that left neither candidate with a clear path to power.
U.S. President Donald Trump is set to host Qatar’s prime minister at the White House on Monday as efforts to end the conflict with Iran stall, with Washington and Tehran still far apart on the terms of a possible agreement.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment