Some Middle East oil output will stay shut through next year, US EIA says
XLE•EIA sees some Middle East oil output remaining shut through 2027
NEW YORK, Aug 11 (Reuters) - Some producers in the Middle East are likely to struggle to restore oil output to pre-conflict levels by the end of 2027, even if trade patterns return to normal by early next year, the U.S. Energy Information Administration said on Tuesday.
About 600,000 barrels per day of Middle East oil output will remain shut-in through the end of 2027, the EIA said in its August short-term energy outlook report. Production shut-ins in the region averaged 5.5 million bpd in July, the Department of Energy's statistical arm estimated.
