Middle East Oil Flows Recover to About 80% of Pre-Conflict Levels
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The CEO of Shell said that oil flows from the Middle East have recovered to nearly 80%, reflecting the region's resilience and efforts to secure global supply. Iraq plans to buy large oil tankers to boost exports. Tensions in the Strait of Hormuz push oil tanker prices to record highs. Oil prices fell nearly $2 as supply from the Middle East increased.
The CEO of Shell said that oil flows from the Middle East are about 80% of pre-conflict levels, in one of the most reliable assessments so far of the region's export recovery rate. Wael Swan, at the Enrgy Intelligence Forum in London today, said: Despite all that is happening, we are now close to more than 80% [..] of the article "Shill: Middle East oil flows approaching 80% of pre-war levels written in the Stock Exchange."
The CEO of oil giant Shell, Wael Sawan, estimates that oil flows from the Middle East have returned by almost 80% to the point ... The article Shell: Oil flows from the Middle East have returned by 80% to pre-war levels was published in NewsIT.
Chill announced today, Tuesday, that oil flows in the Middle East are close to 80% of pre-war levels.
Significant, but not complete, recovery in oil exports.
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