Energy

Six months into Iran war, almost half of global oil flows from war zones - Reuters

Source: Reuters

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DW NOTE

Six months in and the world still hasn't found the missing 4.3 million barrels per day — it just moved the number from the supply column to the price column and called it adjustment. Oil averaging $85 with Hormuz shut for 133 days isn't market clearing, it's inventories bleeding out while politicians draft the speeches they'll give when the shelves go bare.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Six months into Iran war, almost half of global oil flows from war zones - Reuters

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