Middle East Oil Exports Rebound to 12.8 Million Bpd

Crude oil exports from the Middle East have risen to 12. 8 million barrels daily this month, preliminary data from Kpler cited by Reuters has suggested.

The rebound was led by Saudi Arabia, which redirected oil flows from the west to the east, where it loads the crude on tankers in the Gulf of Oman via ship-to-ship transfer. According to the Kpler data, Saudi Arabia has been exporting crude at a daily rate of 5.