Mideast oil exports rebound in September as Saudi Arabia boosts shipments
USO•Crude exports from key Middle East producers rose to 16.328 million barrels per day in September, the highest since the U.S.-Israeli war on Iran began in late February. Saudi shipments were set to reach about 5.4 million barrels per day, up from 2.446 million in August.
1. Regional exports recover
Crude exports from key Middle East producers rebounded to 16.328 million barrels per day in September as Saudi Arabia and the United Arab Emirates boosted shipments, Kpler data showed. Exports via the Strait of Hormuz were set to reach about 9.719 million barrels per day this month, while total regional exports remained about 3.2 million barrels per day below February’s 19.513 million.
2. Saudi shipments rise
Saudi Arabia was on track to ship about 5.4 million barrels per day in September, compared with 2.446 million in August. Shipments from Ras Tanura rose to about 3.25 million barrels per day from 929,000 in August, still below February’s 6.411 million.
3. Transit details
Nineteen very large crude carriers, each carrying 2 million barrels of Saudi oil, exited the Strait of Hormuz last week, Kpler data showed. The figures exclude vessels that may have crossed with their Automatic Identification System transponders turned off.
