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EIA Sees 600,000 Bpd of Middle East Oil Still Offline by End-2027

The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the Middle East will remain shut in through the end of next year, the U.S.

  • EIA projects 600,000 bpd of Middle East oil offline by end-2027
  • Strait of Hormuz constrains oil shipments through August
  • Gulf oil producers' curtailment averages 5.5 million bpd in July

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