Middle East Oil Exports Rebound to Pre-War Levels

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

The recovery came after a rise in exports via the Strait of Hormuz, which were set to hit about 7.4 million bpd this month, as Saudi Arabia diverted oil exports from the Red Sea port of Yanbu following attacks that damaged its East-West pipeline.

Saudi Arabia was on track to ship about 5.4 million bpd this month, rebounding from 2.446 million bpd in August.