Saudi Arabia's Petroleum Exports Rise in September
Data shows that oil flows from the Gulf region, excluding Iran, increased to more than 81% of pre-war levels in September. This was driven by increased Saudi exports despite attacks on their infrastructure and Iran’s escalated attacks on shipping. In September, crude oil, condensates, and refined fuels exports reached 18.6 million barrels per day, with a further recovery in crude oil flows reaching 91% of pre-war levels. However, refined fuel exports remained at 60%, leading to a global shortage of diesel and aviation fuel and record-high prices. Saudi Arabia led the recovery in exports, boosting shipments by about 4.2 million barrels per day compared to August. Total exports rose to approximately 14.7 million barrels per day in September, despite declines in Iran, Kuwait, and Qatar exports.
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