Middle East oil exports rise to 12.8M bpd
Oil exports from Middle Eastern countries rebounded in September to 12.8 million barrels per day, the highest level since the outbreak of the war on Iran in February 2026, as Saudi Arabia and the UAE increased their shipments. Nevertheless, exports still lack about 6 million barrels per day compared to the previous February's level of 18.8 million barrels. Additionally, Saudi Arabia experienced a notable increase in shipments from the Ras Tanura port to approximately 3.6 million barrels per day, with 19 supertankers leaving the Strait of Hormuz last week—an indicator of the recovery of oil flows through the strait after recent declines caused by regional tensions.
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