All articles tagged with #shipping logistics
Physical crude prices from the Middle East are falling despite Brent futures hitting a five-month high, as increased ship-to-shipping transfers and shuttle routes through the Strait of Hormuz have restored supply volumes to pre-war levels.
US Energy Secretary Chris Wright claims oil exports from the Middle East have returned to normal levels, citing a seven-day average of 15 million barrels per day. However, independent tracking data shows significantly lower volumes, with only 84 vessels transiting the Strait of Hormuz last week. While pipeline rerouting has increased, overall flows remain below pre-war benchmarks, and analysts question the sustainability of the reported recovery.