Middle East crude oil exports exceed pre-war levels but tanker attacks increase

Crude oil exports from the Middle East have surpassed pre-war levels for four days in the final week of September, according to provisional data from ship-tracking firm Kpler. Notably, this rise occurred despite ongoing attacks on vessels passing through the Strait of Hormuz, with at least seven incidents reported. Crude exports from the region hit between 19.5 million barrels per day and 22.5 million bpd during September 24-29, and averaged 18 million bpd between March 2025 and February 2025.

The 7-day moving average for crude exports stood at 18.5 million bpd on October 1. LNG exports through the Strait of Hormuz also saw a rise, reaching its highest monthly level since February. However, despite these higher exports, the overall tally for crude, oil products, chemicals, and non-gas liquids averaged 22.4 million bpd in the seven days to September 30.

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