Kuwait and Qatar Increase Crude Oil Exports via Strait of Hormuz, Export Volumes Recover to 70% of Pre-Conflict Levels

Odaily News: According to foreign media reports, two smaller Persian Gulf oil producers, Kuwait and Qatar, are increasing crude oil shipments through the Strait of Hormuz, further boosting the recovery of oil transport volumes along this waterway. Traders revealed that before the outbreak of the Iran war, the two countries exported a combined total of approximately 2 million barrels of oil per day, and current export volumes have recovered to 70% of pre-conflict levels.

The UAE was the first Gulf oil producer to resume large-scale oil exports through the Strait of Hormuz, adopting a method known as "shuttle transport," which involves ship-to-ship transfers in the Gulf of Oman. Saudi Arabia has since followed suit. Traders stated that approximately 7 to 8 million barrels of oil are currently shipped through the Strait of Hormuz daily, up from around 4 million barrels in mid-July, equivalent to roughly three-quarters of pre-war levels. Vortexa said on Monday that oil flows through the waterway are approaching 10 million barrels per day. (Jin10)