Gulf oil exports dip in October amid shipping risks
Gulf oil exports dropped in October from September peaks as rising shipping risks in the Strait of Hormuz led tankers to evade detection. Analysts note preliminary figures may face upward revisions once complete tracking data becomes available.
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Gulf oil exports fell to 17.1 million bpd in October from September's post-war high, ship-tracking data showed during the morning. The pullback followed record attacks on shipping around the Strait of Hormuz last month. Vortexa and Kpler data indicate flows remain under pressure as tankers increasingly evade detection.
