Mideast fuel oil exports to hit four-month high in June, still below pre-war levels

Middle Eastern fuel oil exports are projected to rebound to a four-month high in June as Iraq and Saudi Arabia rerouted supply to other ports and shipments through the Strait of Hormuz are expected to pick up. The update points to improving export flows and logistics after prior disruptions, with potential implications for regional fuel oil balances and freight routes.

Analysis

Middle Eastern fuel oil exports are projected to rebound to a four-month high in June as Iraq and Saudi Arabia rerouted supply to other ports and shipments through the Strait of Hormuz are expected to pick up. The update points to improving export flows and logistics after prior disruptions, with potential implications for regional fuel oil balances and freight routes.