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Middle East oil exports have recovered to pre-war levels due to shipping companies choosing alternative routes to bypass key shipping routes in the conflict, such as the Strait of Hormuz. According to statistics from energy data analysis agency Kpler, during the week ending October 18, oil shipments from Gulf oil producers averaged 24.6 million barrels per day, higher than the pre-war average of 23.3 million barrels. This brought the seven-day average export volume to the highest level since mid-February; just a few days after mid-February, the US and Israel attacked Iran, triggering war, which once blocked oil exports from the world's most important oil-producing region. This data fluctuates far more than before the war. It is a preliminary statistical value. The scope of the statistics includes ship-to-ship transit operations in the Strait of Hormuz and the waters outside the strait, and crude oil shipments from Red Sea ports. The data also showed that the amount of crude oil exported through the Strait of Hormuz itself was still reduced by more than one-third compared to pre-war levels.
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Middle East oil exports have recovered to pre-war levels due to shipping companies choosing alternative routes to bypass key shipping routes in the conflict, such as the Strait of Hormuz. According to statistics from energy data analysis agency Kpler, during the week ending October 18, oil shipments from Gulf oil producers averaged 24.6 million barrels per day, higher than the pre-war average of 23.3 million barrels. This brought the seven-day average export volume to the highest level since mid-February; just a few days after mid-February, the US and Israel attacked Iran, triggering war, which once blocked oil exports from the world's most important oil-producing region. This data fluctuates far more than before the war. It is a preliminary statistical value. The scope of the statistics includes ship-to-ship transit operations in the Strait of Hormuz and the waters outside the strait, and crude oil shipments from Red Sea ports. The data also showed that the amount of crude oil exported through the Strait of Hormuz itself was still reduced by more than one-third compared to pre-war levels.
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