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Standard Chartered Says Hormuz Oil Flows Are Far From Normal
Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
Summary
Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. Oil flows through the Middle East have staged an impressive rebound , with export volumes recovering to near pre-war levels even as traffic through the Strait of Hormuz remains well below normal. Standard Chartered estimates crude and condensate exports from the Gulf, excluding Iran and including bypass routes such as Fujairah and the Red Sea, reached roughly 16.5 million barrels per day (bpd) in September, broadly back to pre-war volumes.
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