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Wright claims Persian Gulf oil exports beat pre-war levels, far above outside estimates
['Callie Patteson']
Washington Examiner
Energy Secretary Chris Wright claimed that oil leaving the Persian Gulf region has hit above pre-war levels despite the conflict with Iran, and that crude oil flowing out of the Strait of Hormuz alone is nearly 9 million barrels per day.
“When combined with the additional 5-7 million barrels per day leaving the region via newly upgraded pipelines and export facilities, total oil flows are currently averaging approximately 15 million barrels per day.”
Wright claimed that, on Sunday alone, more than 20 million barrels of oil were exported from the Persian Gulf region, above the typical pre-war daily oil shipments that passed through the Strait of Hormuz.
Before the war, about 20% of global oil demand transited the strait daily, roughly equivalent to 20 million barrels per day.
Similarly, oil market researcher Rory Johnston estimated that the seven-day average as of last week peaked at around 7 million barrels.