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Middle East oil exports near pre-war levels, JP Morgan says

JP Morgan estimated September oil flows at 17.5 million barrels per day, or 98% of pre-war levels, while fuel exports were 58% of the pre-war daily average.

Reported · Written up by our desk · Energy

Crude oil exports from the Middle East have recovered almost fully to pre-war levels, according to JP Morgan, which also said fuel exports are ramping up, OilPrice reported citing Bloomberg.

The bank’s analysts estimated September daily oil flows at an average of 17.5 million barrels per day, representing 98% of pre-war levels.

JP Morgan also projected fuel exports at 3 million barrels per day, about 58% of the pre-war daily average, the outlet said.

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