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According to preliminary data from ship tracking agencies, despite successive attacks on Saudi energy facilities and increased reports of Iranian attacks on oil tankers in the Strait of Hormuz, Saudi crude oil exports remained near wartime highs this month. According to data service provider Vortexa, Saudi crude oil exports from the east and west coasts have totaled 6.5 million b/d since October, compared to 6.6 million b/d for the entire month of last month. Tankertrackers.com estimates that the total export volume since October is 6.99 million b/d, reaching pre-war levels; while Kpler statistics are 5.4 million b/d, lower than in September. The above data shows the trend of crude oil exports in the Persian Gulf region moving closer to pre-conflict levels as a whole. However, there are differences in data from various companies. The main reason is that the tanker chose to turn off the satellite transponder in order to hide the location and reduce the risk of being attacked. This makes it difficult for traders and investors to assess the region's export situation, which is critical to global oil price pricing and supply assessment.
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According to preliminary data from ship tracking agencies, despite successive attacks on Saudi energy facilities and increased reports of Iranian attacks on oil tankers in the Strait of Hormuz, Saudi crude oil exports remained near wartime highs this month. According to data service provider Vortexa, crude oil exports from Saudi Arabia's east and west coasts have totaled 6.5 million b/d since October, compared to 6.6 million b/d for the whole month of last month. Tankertrackers.com estimates that the total export volume since October is 6.99 million b/d, reaching pre-war levels; while Kpler statistics are 5.4 million b/d, lower than in September. The above data shows the trend of crude oil exports in the Persian Gulf region moving closer to pre-conflict levels as a whole. However, there are differences in data from various companies. The main reason is that the tanker chose to turn off the satellite transponder in order to hide the location and reduce the risk of being attacked. This makes it difficult for traders and investors to assess the region's export situation, which is critical to global oil price pricing and supply assessment.
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