U.S. Energy Secretary Claims Middle East Oil Flows Rebounded to 15 Million Bpd; Analysts Question Figures

Source Summary

U.S. Energy Secretary Chris Wright stated this week that Middle East oil exports have rebounded to 15 million barrels per day and even exceeded the pre-war average of 20 million bpd on Sunday. However, vessel-tracking services and commodity analysts report discrepancies with these claims, with ship-tracking data showing oil flows through the Strait of Hormuz at approximately half the volume cited by Secretary Wright.