Gulf oil exports rebound to 81 percent of pre-war levels
Gulf oil flows excluding Iran have rebounded to over 81% of pre-war levels in September, according to data from Vortexa cited by Reuters. This recovery was driven by a sharp increase in Saudi Arabian exports, despite ongoing attacks on the kingdom's energy infrastructure and escalating Iranian strikes on regional shipping.
The combined oil flows from Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Iraq, and the United Arab Emirates averaged 19.2 million barrels per day (bpd) in September. This marks a significant recovery from the disruptions caused by the Iran war, which began on February 28. Prior to the conflict, the region's average oil output was around 23.6 million bpd.
The data highlights the resilience of Gulf oil producers in maintaining supply levels despite geopolitical tensions. Saudi Arabia, in particular, has played a key role in stabilizing exports, contributing to the overall recovery in regional oil flows.