Persian Gulf Crude Exports Top 14M Bpd as Hormuz Oil Flows Rebound

TLDR: Persian Gulf crude exports topped 14M bpd, rebounding over 210% from the roughly 4.5M bpd March low. Hormuz crude flows reached a 13.5M bpd seven-day average in late September, matching pre-war levels. Middle East crude shipments averaged 19.5M bpd, beating the roughly 17M bpd pre-war benchmark by 2.5M bpd. Refined fuel exports remain at [...]

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