$CL
🚨 There’s 1 significant NEW update that warrants adjusting the ledger—and this time it leans Bearish on physical flows.
Reuters just reported at around 01:07 UTC on Oct 5 (08:07 Vietnam time) that new Kpler data shows Middle Eastern crude oil exports exceeded pre-war levels on 4 of the last 7 days of September. Specifically, some days reached 19.5–22.5 million barrels per day, compared with a pre-war average of around 18 million barrels per day; the 7-day MA through Oct 1 was 18.5 million bpd. This data includes Hormuz, the Red Sea, terminals and STS transfers in the Gulf of Oman, and excludes voyages with AIS switched off.
🚨 There’s 1 significant NEW update that warrants adjusting the ledger—and this time it leans Bearish on physical flows.
Reuters just reported at around 01:07 UTC on Oct 5 (08:07 Vietnam time) that new Kpler data shows Middle Eastern crude oil exports exceeded pre-war levels on 4 of the last 7 days of September. Specifically, some days reached 19.5–22.5 million barrels per day, compared with a pre-war average of around 18 million barrels per day; the 7-day MA through Oct 1 was 18.5 million bpd. This data includes Hormuz, the Red Sea, terminals and STS transfers in the Gulf of Oman, and excludes voyages with AIS switched off.