Saudi oil shipments rise as tanker backlog clears
after close1 source ↓written by the desknot a recommendation
- of oil
- 34 million barrels
- shipped
- 15 million barrels
Saudi Arabia has shipped 34 million barrels of oil through the Strait of Hormuz in the past two weeks, more than double the 15 million barrels shipped during the prior conflict period. This surge indicates a genuine restart of export logistics, potentially boosting supply further as confidence in maritime safety improves. However, throughput remains below typical levels, suggesting ongoing recovery.
Not investment advice. For informational purposes only.