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مصراوي
Oil Prices Remain Stable Despite Export Recovery
The article focused on the reasons behind the continued rise in oil prices despite Middle Eastern oil exports exceeding pre-war levels. Experts clarified that increased exports do not necessarily indicate a return to normal supply conditions due to ongoing risks in the Strait of Hormuz, including escalating attacks on oil tankers and discrepancies in shipment tracking data. They also pointed out that the persistence of oil prices above $100 per barrel reflects market concerns over potential supply shortages. A long-term ceasefire between the United States and Iran could lower prices to $80-90, while a comprehensive agreement opening maritime passageways might reduce them to $70-80. Data confirmed that regional exports in September reached approximately 18.3 million barrels per day, surpassing pre-war levels, although actual oil flows could be lower due to fluctuating tracking data. The continued high prices also highlight Saudi Arabia's limited capacity to transport oil via pipelines amid ongoing threats and warnings to navigation in the Strait of Hormuz.
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