🔶 Exports of Gulf crude oil have returned to pre-war levels

According to the latest data from the Kpler Institute, which tracks oil shipments, shipping, and the trade of goods worldwide, crude oil exports from the Gulf countries excluding Iran have, after about seven months, returned once again to pre-war levels. Based on these data, between the first and 28 September, at least 16.5 million barrels of crude oil per day were exported from the region, which is equivalent to the pre-war average.

At the same time, the oil export routes have also changed significantly. Before the war, about 83% of the region’s oil was passing through the Strait of Hormuz, but in September around 40% of exports were carried out without passing through Hormuz. About 9.9 million barrels per day—equivalent to 60% of exports—passed through the Strait of Hormuz, while 23% were exported from the Oman Sea coasts and 17% via the Red Sea route.

According to Kpler data, Saudi Arabia, with at least 5.1 million barrels per day, the United Arab Emirates with 3.2 million, and Iraq with 2.6 million, were among the major oil exporters in the region during this period.