Gulf crude exports ex-Iran hit at least 16.5M bpd in September, matching the prewar average, but only ~60% crossed Hormuz vs 83% before—pipelines and STS transfers are eroding Iran’s chokepoint leverage. #Oil#Hormuz#Iran#Energy#Crude
November WTI traded at $93.00, up 0.61% on the week within an $88.58-$96.54 range, as improving Gulf supply collided with reports of a third U.S. carrier strike group heading to the Middle East. #WTI#Oil#Crude#OOTT#Hormuz
Russia’s seaborne crude exports fell to 3.71M bpd in the four weeks through Aug. 9, the lowest since May. Recovering refinery runs pulled barrels inland, while attacks disrupted loadings at key Black Sea and Baltic ports. #Russia#Oil#Crude
U.S. crude inventories fell 1.7 million barrels last week, while gasoline stocks dropped another 1.5 million barrels. Despite escalating U.S.-Iran tensions, Brent slipped below $85, though it remains about $7 higher than a week ago. #Oil#EIA#EnergyMarkets#Crude
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