Iraqi exports averaged 2.7 million BPD in October while the Oman-Dubai physical crude differential fell to a three month low of about $4 a barrel from over $30 in mid-September. Refined product flows remain significantly below previous levels and shipment patterns have become more uneven. Between March and September, approximately 1.7138 billion barrels of crude were not shipped from the region due to the conflict, though crude exports are now at their highest since February.
Tuesday, October 20, 2026
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Middle East Crude Flows Top 90% of Pre-War Levels
Commodities10 hours ago
Shipping traffic from regional producers has surged since mid-October, bypassing efforts by Iran to disrupt oil exports in the Strait of Hormuz. Total crude flows excluding Iran have returned to more than 90% of levels seen before the conflict, based on data from TankerTrackers and analyst Javier Blas. Combined shipments from seven Middle Eastern nations reached 17.273 million BPD in October, up from 14.652 million BPD in September, as producers used Saudi pipelines to the Red Sea and shuttle tankers to maintain volumes.
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