Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says
Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says Hormuz oil exports were “sharply lower,” falling to a seven-day average of 9.9 million barrels per day as of October 7, 42 percent below prewar levels and down from about 15.5 million in September, according to Kpler data cited by the Financial Times. Kpler said that flows had recovered to prewar levels in September…
Increased vessel attacks in the Strait of Hormuz have resulted in a sharp decline in oil exports, according to a report by the Middle East Eye. As of October 7, the seven-day average of exports was 9.9 million barrels per day, a 42% decrease from prewar levels and a drop from 15.5 million barrels in September. The Financial Times cited Kpler data to support this claim, which also noted that exports had recovered to prewar levels in September but were sharply lower this week due to intensified attacks on vessels.
Energy analyst Rory Johnston further explained that the latest estimate puts the seven-day average oil flow at a peak of 16.2 million barrels per day on September 24, but that Iran's increased shipping attacks led to a 3-4 million barrel per day decrease. Currently, exports are estimated to be between 12-13 million barrels per day over the past two weeks.
Brief written by urgent.news from Middle East Eye's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
