๐ข๏ธ NEW: Oil exports out of the Persian Gulf have dropped below 15 million b/d over the past week, after surging in late September, according to Kpler data. Iran has struck at least 11 tankers since September 28.
โช๏ธThe 7-day average of total exports from the Gulf and Gulf of Oman, including Strait of Hormuz transits and loadings at Fujairah and in Oman, has fallen to just below 15 million barrels a day in early October, down from a peak above 21 million around Sept. 23. The total does not include Red Sea exports.
โช๏ธThat late-September surge came after flows averaged roughly 10 to 13 million barrels a day through August and early September, and briefly brought exports close to pre-war levels of around 20 million.
โช๏ธKpler notes that figures for the latest two weeks are provisional and will likely be revised upward. Hormuz transits make up the bulk of the flows, with Fujairah, which bypasses the strait by pipeline, and Gulf of Oman exports filling in the rest.