Middle East Oil Flows Stay Below Prewar Levels as Risks Spread
Regional oil and product exports dropped sharply, while attacks near Hormuz and concerns over Bab el-Mandeb raised pressure on shipping routes.
Key takeaways
- Regional exports fell to 6.7 million barrels a day on Oct. 11, Kpler data showed.
- Experts warned simultaneous major disruptions at Hormuz and Bab el-Mandeb could put more pressure on markets.
Middle East exports of crude oil, petroleum products and liquid chemicals fell to 6.7 million barrels a day on Oct. 11, as security concerns mounted around the Strait of Hormuz and Bab el-Mandeb. Kpler data obtained by Anadolu Agency put the daily volume at 8.3 million barrels on Oct. 13.
The combined exports, including shipments through Hormuz, Gulf of Oman loadings and Red Sea routes, had reached 21.1 million barrels a day on Oct. 8. Their seven-day average was 17 million barrels, below the prewar level of about 23.3 million, according to the data.
UK Maritime Trade Operations and international maritime security sources recorded at least 14 attacks, attempted attacks or interceptions in and around Hormuz from Oct. 5 to 12. Experts warned that major supply disruptions at both Hormuz and Bab el-Mandeb could intensify pressure on markets.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
