B · Normal
[Mogul Morgan: Middle East crude oil exports are close to pre-war levels] On October 22, Morgan Stanley stated in a report on Wednesday that, including exports that do not take the Strait of Hormuz route, the Middle East's crude oil exports last week were initially estimated at 17 million barrels per day, about 94% of pre-war levels. Among them, Saudi Arabia’s Red Sea shipping volume reaches 3 million barrels per day, about 75% of which flows northward into the Mediterranean Sea. The above data only covers crude oil, and Vortexa data shows that refined oil shipments have only returned to 50% of normal levels at most.
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