Exports edged higher despite a lull in Ukrainian attacks that boosted processing

The Middle East’s leading Arab oil producing nations are shipping crude at about the same rate as before the war, bringing a tide of supply to the global market that’s helped to temper prices.

Seven members of the OPEC+ group of oil producers agreed to keep output quotas unchanged in December, after unwinding the last of their voluntary cuts in September.

Primorsk shipments recovered strongly last week, but it wasn’t enough to boost four-week flows

Oil shipments from the Middle East are showing little sign of buckling in the face of Iran’s more frequent and damaging attacks on merchant ships in the region.

Shipments from key port of Primorsk tumbled last week, likely on maintenance work

Iran’s main oil-loading terminals have remained empty for weeks, adding to signs that a US naval blockade of the country is throttling Tehran’s exports.

Loading rates at Novorossiysk have slowed with ships moored for twice as long as normal

Diesel curbs, jump in subsidies to refiners mute benefits to Kremlin’s war chest from crude flows

Diesel exports curbs undermine impact of rising crude shipments, soaring prices 

Returning Saudi crude exports and the threat of US tariffs could eat into the Kremlin’s war chest

Crude shipments jumped the most since May as strikes on Saudi infrastructure drove up oil prices 

OPEC’s crude oil production tumbled in August, snapping a two-month recovery, as output from group leader Saudi Arabia was curbed by threats to both of its export routes, according to a Bloomberg survey.

The flow of crude through the Strait of Hormuz is creeping higher as producers across the Middle East boost exports in the face of Iran’s lingering threat to shipping. The increase is keeping global crude oil prices in check.

Oil loadings from Iraq’s export installations in the Persian Gulf jumped on Monday with seven tankers collecting the nation’s cargoes, the latest sign that regional flows might be climbing.

Black Sea strikes hamper oil flows from Novorossiysk, while crude processing tumbles

Shipments fell for a fifth week with no crude loading from the key Novorossiysk oil terminal in the seven days to Aug. 16

A brief lull in drone strikes allowed refiners to boost runs, likely diverting crude from exports

Iran’s oil terminals have appeared largely idle this month as the US continues to impose a blockade aimed at pressuring the country into a peace deal, though visibility into its operations remains patchy.

OPEC’s crude oil production recouped some more of its wartime losses last month with gains in Kuwait, Saudi Arabia and Iraq, though opaque shipping data complicated the process of tracking the group’s output, a Bloomberg survey showed.