Global Energy News

Middle East Oil Flows Near Pre-War Levels, but Prices Stay High Due to Risk Premiums

Oil exports from the Middle East have recovered to nearly 92% of pre-war levels, driven by US military escorts, ship-to-ship transfers, and pipeline rerouting. However, Brent crude remains near $100 per barrel due to persistent geopolitical risks, damaged refineries, and depleted global stockpiles.