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Middle East Oil Flows Far From Normal Despite Signs Of Oversupply

Middle East Oil Flows Far From Normal Despite Signs Of Oversupply Authored by Tsvetana Paraskova via OilPrice,Middle Eastern crude exports have recovered to near pre-war levels, raising fears of an oil glut and pushing Brent down roughly 17% in five trading days.Record tanker rates and war insurance premiums remain a major burden, with crude transport costs reaching $30 per barrel despite weakening oil prices.Depleted global inventories and disrupted fuel exports threaten a sustained recovery, with industry leaders warning that rebuilding oil stocks could take up to two years.Crude oil flows...
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