Hormuz Crude Flows Slow to 7.3 Million Bpd Late in October

Crude exports through the Strait of Hormuz averaged nearly 11.1 million barrels per day in October, but the week ending Oct. 28 saw a 7.3 million bpd pace, more than 40% below the prewar baseline. The October average was about 2% below September. The monthly and seven-day figures cover different periods, so the latest weekly reading shows a weaker pace toward the end of the month without serving as a like-for-like comparison with the monthly average. Tankers carry Gulf crude through Hormuz and transfer it to other vessels waiting in the Gulf of Oman for onward delivery.

Source: TokenPost