Analysts, including Martijn Rats, said in a report on Wednesday that crude oil exports from the Middle East were initially estimated at 17 million barrels per day last week, which is about 94% of pre-war levels. Saudi Arabia loads 3 million barrels of oil per day, and the east-west oil pipeline continues to transport, with about 75% of the oil being transported north to the Mediterranean Sea. This statistic includes crude oil only. Vortexa data shows that the flow rate of refined oil products has returned to only 50% of normal levels. The seven-day average of outbound tankers in the Strait of Hormuz was 8 per day, the same as the previous week. On October 14, 16 ships left the strait. Floating tank oil storage in the Persian Gulf was reduced by 15 million barrels to 165 million barrels, reflecting the continued mass transit of oil tankers in the Gulf region.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.