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Commodities

Middle East Oil Exports Rebound Amid Saudi Arabia's Boosted Shipments

Guavy AI Editorial Team
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Oil
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Crude oil exports from key Middle East producers rebounded in September to 12.8 million barrels per day, the highest since the US-Israeli war with Iran started in February.

The recovery was led by Saudi Arabia and the United Arab Emirates, which boosted their exports after a decline in August.

Exports via the Strait of Hormuz, a critical shipping route for global oil supplies, are set to hit about 7.4 million bpd this month, up from 5.6 million bpd in February.

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