Middle East Oil Exports Rebound to 12.8 Million Bpd

AI Summary

Middle Eastern crude exports have rebounded to a reported 12.8 million barrels per day this month, with Saudi Arabia leading the increase. Saudi flows have shifted toward the east, including tanker loading in the Gulf of Oman via ship-to-ship transfers, while Ras Tanura exports are reported at 3.6 million barrels per day.

Crude oil exports from the Middle East have risen to 12.8 million barrels daily this month, preliminary data from Kpler cited by Reuters has suggested. The rebound was led by Saudi Arabia, which redirected oil flows from the west to the east, where it loads the crude on tankers in the Gulf of Oman via ship-to-ship transfer. According to the Kpler data, Saudi Arabia has been exporting crude at a daily rate of 5.4 million barrels this month, with exports from the Ras Tanura port on the Persian Gulf flowing at a rate of 3.6 million barrels daily.…