POPA ReconMIDDLE EAST CRUDE EXPORTS RECOVER TO PREWAR LEVELS
MIDDLE EAST CRUDE EXPORTS RECOVER TO PREWAR LEVELS Middle East crude exports have rebounded to 98% of prewar levels, reaching roughly 17.5 million barrels per day, according to JPMorgan. Producers are increasingly bypassing Hormuz through alternative pipelines, ports and ship-to-ship transfers, with 40% of September crude exports avoiding the strait. However, the recovery remains uneven: diesel, gasoline and jet fuel exports are still around 50% of normal levels, keeping global fuel supplies vulnerable.
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