Middle East Crude Oil Exports Near Pre-War Levels Despite Shipping Risks
Middle Eastern crude oil exports have nearly returned to pre-war levels, reaching an average of 17.5 million barrels per day over a ten-day period—98% of the previous level—as reported by J.P. Morgan analysts. This recovery is attributed in part to restored flows through Saudi Arabia's East-West pipeline and improved infrastructure resilience. Despite this progress, oil product exports remain below pre-war levels due to ongoing disruptions caused by regional shipping risks. Analysts note that while crude production has rebounded quickly, the slower recovery of refined products reflects lingering logistical challenges affecting distribution channels across key markets.
Topics: Middle East oil exports shipping risks