Gulf states' September crude exports recover to 12.8 million barrels per day, highest since Iran conflict

Jiji Press··SAAE·Read original
3▲0 ▼2Impact / 5
Summary · why it matters

Crude oil exports from Persian Gulf states recovered to 12.8 million barrels per day in September, reaching their highest level since the US-Iran military conflict at the end of February, Reuters reported, citing data from research firm Kpler. Saudi Arabia and the United Arab Emirates significantly increased their export volumes. However, they still remain below the pre-conflict level of 18.8 million barrels per day.

Impact on assets 2

Others▼ · 2 stocks
⛏Brent Crude Oil Futures
BRENT
▼ NegativeSupplyrelevance

Rising Gulf crude export volumes (Saudi Arabia and UAE) add supply to the market, pressuring Brent prices lower.

⛏Crude Oil WTI Futures
WTI
▼ NegativeSupplyrelevance

Gulf crude exports recovered to 12.8 mb/d in September, the highest since the Iran conflict, signaling increased supply that weighs on WTI prices.

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