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الاقتصادية
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2026-11-13T10:04:05.712Z

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Gulf Oil Exports Recover

Gulf Oil Exports Recover

Gulf crude oil exports reached 15 million barrels per day in October, 82% of pre-war levels and up 740,000 barrels per day from the previous month. Flows through the Strait of Hormuz also rose by 440,000 barrels per day to 11.8 million. The International Energy Agency said the recovery in exports is pushing the oil market toward a supply surplus. It expects supply to fall by 4.8 million barrels per day in 2026, then rise by 6.6 million in 2027, while lowering its 2027 forecast because of restrictions on Iran.

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