This count from the roster's one energy-sector PM was posted on September 30, the same day a Bloomberg headline (seen via a Reddit capture, article paywalled) put JPMorgan's Mideast crude flows at 98% of pre-war levels. The two readings are hard to reconcile, and Nuttall adds that the recovery is costing roughly $25-30 a barrel. That gap is the live question for the refining and freight links the energy-to-humanitarian campaign tracks.
Impressive recovery in total exports with 7 day avg. of 14.3MM Bbl/d, still down ~4MM Bbl/d while costing ~$25-30/bbl to achieve. Is it sustainable? Oilx still = Middle Eastern production down 6.6MM Bbl/d. We are not in the clear yet and status quo not sustainable.
This count from the roster's one energy-sector PM was posted on September 30, the same day a Bloomberg headline (seen via a Reddit capture, article paywalled) put JPMorgan's Mideast crude flows at 98% of pre-war levels. The two readings are hard to reconcile, and Nuttall adds that the recovery is costing roughly $25-30 a barrel. That gap is the live question for the refining and freight links the energy-to-humanitarian campaign tracks.
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