Home›Commodities›Energy›Crude exports from the Strait of Hormuz near pre-war l…

Crude exports from the Strait of Hormuz near pre-war levels

At least 16.5 million barrels per day left the region in September, while diesel exports remain constrained and prices have been pushed higher.

Reported · Written up by our desk · Energy

Crude oil exports from the Strait of Hormuz have largely returned to pre-war levels as oil producers and the shipping industry use alternative routes, analysts tracking the situation say, according to The Guardian Business.

The outlet reports that pipeline exports and ship-to-ship transfers are among the workarounds being used, with the US military still escorting some vessels.

Despite the improvement for crude, The Guardian Business says flows of refined products such as diesel remain constrained, contributing to higher prices.

In September, at least 16.5 million barrels per day left the region, the outlet reports.

Latest closeWTI crude $90.46 ▲1.2%

More like this

Sources