Energy and oilUpdated November 4
Tracked Saudi crude exports neared their pre-war benchmark in October.
Asharq Business with Bloomberg reported that tracked Saudi crude exports in October were about 7 million barrels a day, close to the 6.89 million recorded in January, the latest pre-war month unaffected by the conflict. The figures come from Bloomberg tanker-tracking data and are estimates, not official Saudi statistics. Broader Gulf measures show a less even recovery: Kpler put crude-and-condensate flows at a weekly peak of 24.6 million barrels a day in the week ending October 18, while Vortexa estimated 18 million for the same week. The October average remained below pre-war levels. A separate September estimate from JPMorgan put Middle East crude shipments at 98% of pre-war levels, while diesel and gasoline flows were at 58%. Asharq Business’s November 4 report said returning Gulf exports were weighing on the physical oil market amid uncertainty over the course of talks between Washington and Tehran.
Coverage started November 4