Saudi Aramco Exports Surge Despite Middle East Tensions

Saudi Arabia's oil exports from inside the Gulf are expected to reach an average of 1 million to 1.5 million barrels per day in September and October, according to Reuters.

This is just above levels seen in August, with around 60 million barrels of crude sold for loading via ship-to-ship transfer in Oman.

The buyers include major Asian markets such as China, South Korea, India, and Japan.

Despite ongoing tensions in the Middle East, including the US-Iran conflict and Houthi advances in Yemen, Saudi Arabia's oil exports are expected to rebound, with hopes that supply disruptions may fade, according to Deutsche Bank analysts.