GgoogleGB first seen 16 h ago, last 14 h ago, peak #1
Mideast Crude Oil Flows Near Pre-War Levels, JPMorgan Says
Original: oil
JPMorgan reports that Middle East crude oil flows have recovered to 98% of pre-war levels, according to Bloomberg. The figure suggests shipments through the region have largely normalised despite earlier disruptions tied to conflict. Market watchers are likely reading the data for clues on supply stability and the direction of oil prices.
Why now: Renewed focus on Middle East supply security keeps oil flow data in the spotlight for markets.
Evidence
- Dangote to begin construction of $16 billion East Africa refinery in Kenya · Reuters
- Has Iran lost its grip on Gulf oil exports? · The Economist
- Oil prices fall as crude exports recover at Saudi Arabia's Red Sea ports · CNBC
- Iran Talks Take the Heat Out of the Oil Rally · Crude Oil Prices Today | OilPrice.com
- Mideast Crude Oil Flows Hit 98% of Pre-War Level, JPMorgan Says · Bloomberg.com
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