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Commodities

EIA Ups Middle East Shut-In Oil Production Estimates Amid Global Market Shifts

Guavy AI Editorial Team
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Oil
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The US Energy Information Administration (EIA) has increased its estimate of Middle East shut-in oil production. This adjustment reflects changes in the global energy market, particularly the ongoing conflict between Russia and Ukraine.

According to ship.energy, the EIA's revised estimates for Middle Eastern countries include higher numbers for certain nations. These increases are substantial, ranging from a few thousand barrels per day to tens of thousands of barrels per day. The exact figures were not specified in the report.

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