Middle East Crude Exports Rebound, Oil Products Still Lag

Middle East crude oil exports have shown significant recovery to near pre-war levels, but a notable lag remains in oil product exports, according to analysts at J.P. Morgan.

The region's crude exports have averaged around 17.5 million barrels per day over the past ten days, representing 98% of their pre-war levels.

This recovery is attributed to restored flows through Saudi Arabia's East-West pipeline and other infrastructure projects that have alleviated some of the shipping bottlenecks caused by the war.