Saudi Oil Exports Soar to Highest Since War Began
Saudi Arabia's oil shipments have surged to their highest level since the start of the Iran war, according to data compiled by Bloomberg. The kingdom's crude exports in September reached 5.28 million barrels a day, marking a significant increase from August when heightened risks disrupted shipments.
The spike in exports comes after Saudi Arabia quickly ramped up shipments via the Strait of Hormuz following an attack on its key bypass pipeline. This move has helped to offset the disruptions caused by the Iran war and restored the kingdom's oil exports to pre-war levels.