Middle East Oil Flows Far From Normal Despite Signs Of Oversupply

Summary

Middle East Oil Flows Far From Normal Despite Signs Of Oversupply Authored by Tsvetana Paraskova via OilPrice , Middle Eastern crude exports have recovered to near pre-war levels, raising fears of an oil glut and pushing Brent down roughly 17% in five trading days. Record tanker rates and war insurance premiums remain a major burden, with crude transport costs reaching $30 per barrel despite weakening oil prices. Depleted global inventories and disrupted fuel exports threaten a sustained recovery, with industry leaders warning that rebuilding oil stocks could take up to two years. Crude oil…

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