Middle East crude exports reportedly rebound to 98% of prewar levels
A September 30 post cites JPMorgan for Middle East crude exports of roughly 17.5 million barrels a day. It says 40% of September exports avoided the Strait of Hormuz, while diesel, gasoline and jet fuel exports remained around 50% of normal.
TLDR
A September 30 post cites JPMorgan for Middle East crude exports reaching roughly 17.5 million barrels a day, or 98% of prewar levels. It says producers used alternative pipelines, ports and ship-to-ship transfers to route 40% of September crude exports around the Strait of Hormuz, but diesel, gasoline and jet fuel exports remained around half of normal. Separately, a commentator said US diesel prices hit a fresh high above $224 a barrel amid a squeeze ahead of that day's contract expiry.
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