Crude oil exports from the Middle East have recovered almost fully to pre-war levels, according to JP Morgan, which also said fuel exports were ramping up. The bank’s analysts saw September daily oil flows at an average of 17.
Crude oil exports from the Middle East have recovered almost fully to pre-war levels, according to JP Morgan, which also said fuel exports were ramping up. The bank’s analysts saw September daily oil flows at an average of 17. 5 million barrels daily, or 98% of pre-war levels, with fuel exports at 3 million barrels daily, or 58% of pre-war daily average levels, Bloomberg reported, citing JP Morgan’s commodity analysts.