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Why don’t rising oil exports ease market concerns?
Oil exports from the Middle East are recovering to levels seen before the war, but a sharp rise in shipping costs, a shortage of oil tankers, and disruptions affecting major shipping lanes continue to keep pressure on the market, according to PVM Oil Associates, a unit of the TP ICAP group.
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Middle East exports reached an estimated 80% of their pre-war levels, with average loadings of about 12.8 million barrels per day in September. Saudi exports rose to around 6 million barrels per day, nearing their monthly average for 2025.#CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #G7PlansToReleaseUpTo100MBarrelsOilDiesel #ICBASuesOCCOverCryptoBankCharters $NVDAB