Business & Finance
Middle East Fuel Exports Rebound as Tankers Slip Through Hormuz
Key Points
Energy Middle East Fuel Exports Rebound as Tankers Slip Through Hormuz Exports of refined fuels from the Persian Gulf have rebounded this month as more tankers managed to slip through the Strait or Hormuz, providing welcome relief to markets starved of supply. Shipments from countries including Saudi Arabia, the United Arab Emirates and Kuwait averaged more than 600,000 barrels a day so far this month, according to data from research firm Vortexa. That’s an increase of about 50% in exports...
Energy
Middle East Fuel Exports Rebound as Tankers Slip Through Hormuz
Exports of refined fuels from the Persian Gulf have rebounded this month as more tankers managed to slip through the Strait or Hormuz, providing welcome relief to markets starved of supply.
Shipments from countries including Saudi Arabia, the United Arab Emirates and Kuwait averaged more than 600,000 barrels a day so far this month, according to data from research firm Vortexa. That’s an increase of about 50% in exports of crucial oil products such as diesel, gasoline and naphtha, compared with April and May.