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Market move▼ Bearish for Indian equities
Hormuz crude flows return to pre-war levels, yet oil may still stay at $90–$100 | Here's why
The brief
- Hormuz crude shipments averaged 13.5 million barrels per day over seven days, back to pre-war levels
- Oil may still stay at $90–$100, the report said
- Persistently high crude prices could pressure Indian refiners and fuel retailers
- The Bond Rout Is Deepening Even as Oil Tankers Return to the Strait of Hormuz
- India Emphasizes That Shipping Chaos, Not Supply, Is Driving High Oil Prices - Crude Oil Prices Today
- Tanker Congestion Shunts Vital Oil Transfers Farther From Hormuz
- Three oil tankers hit by projectiles in Hormuz strait on Tuesday, Marisks says
- CNBC Daily Open: Crude flows back at prewar levels, but at what cost?
Middle East oil flows recover amid shipping risks
Saudi Arabia resumed exports through its East-West pipeline after repairs, helping Middle East crude flows recover to 98% of pre-war levels. Strait of Hormuz crude exports also reached pre-war levels, though shipping risks persist and the recovery’s durability is unclear.
Friday, 2 October
- Hormuz crude flows return to pre-war levels, yet oil may still stay at $90–$100 | Here's why