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Fri, Oct

Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports

Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports

MARINELOG

Citi said on Thursday that near-term risks to oil prices remain skewed to the upside despite a recovery in Gulf crude exports, as shipping bottlenecks continue to keep delivered supplies tight."The normalization of Arab

  • Gulf oil flows excluding Iran rose to more than 81% of pre-war levels in September, data showed, led by a recovery in Saudi exports despite attacks on the kingdom's oil infrastructure and escalating Iranian attacks on regional shipping. Iranian exports, meanwhile, fell to zero because of a US blockade

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