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Gulf oil flows rebound in September
Data showed that oil flows from the Gulf region, excluding Iran, increased to over 81% of pre-war levels in September. Despite attacks on oil infrastructure and rising tensions with Iran, Saudi Arabia experienced a significant rebound in its oil exports, with average shipments reaching 19.2 million barrels per day from Saudi Arabia, Kuwait, Qatar, Oman, the United Arab Emirates, and others, compared to 23.6 million barrels before the war. Overall, Gulf exports rose to approximately 14.7 million barrels per day in September, offsetting declines in Iranian and Kuwaiti shipments, thereby helping to bolster supplies that impact the global oil market and fuel-related markets.
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