17 Hrs
الاقتصادية
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الاقتصادية

2026-11-13T10:03:07.924Z

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Gulf Oil Exports at 82%

Gulf Oil Exports at 82%

Gulf crude oil exports reached 15 million barrels per day in October—82% of pre-war levels—up 740,000 barrels per day from the previous month, according to the International Energy Agency. Flows through the Strait of Hormuz rose by 440,000 barrels per day to 11.8 million. The agency expects a supply surplus as exports recover, with supply declining by 4.8 million barrels per day in 2026 before rising by 6.6 million in 2027. It lowered its 2027 forecast because of restrictions on Iran.

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