Energy Intelligence reporter Amena Bakr, citing sources, said Saudi crude and product exports average about 5.8 mln bpd versus roughly 6.3 mln bpd reported elsewhere, with the higher number including previously stranded cargoes. She warned the description of a "market oversupply" is misleading and said Strait of Hormuz flows remain far from normal. Bloomberg tanker-tracking showed a six-day average to Wednesday of 6.3 mln bpd, roughly equal to the 2025 average and about 90% of February levels.

2026-07-03

Energy Intelligence reporter Amena Bakr, citing sources, said Saudi crude and product exports average about 5.8 mln bpd versus roughly 6.3 mln bpd reported elsewhere, with the higher number including previously stranded cargoes. She warned the description of a "market oversupply" is misleading and said Strait of Hormuz flows remain far from normal. Bloomberg tanker-tracking showed a six-day average to Wednesday of 6.3 mln bpd, roughly equal to the 2025 average and about 90% of February levels.