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Gulf Crude Flows Reach 15 Million B/D Amid Hormuz Recovery, Secretary Wright Says

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US Energy Secretary Chris Wright said on Tuesday that crude shipments out of the Arabian Gulf have risen to about 15 million barrels per day as shipping through the Strait of Hormuz recovers with the support of the US military and Gulf allies.

The seven-day average for oil moving through the Hormuz has climbed to about 9 million b/d, Wright said, while another 5 million to 7 million b/d are being exported through newly upgraded pipelines and facilities that bypass the strategic waterway.

On Sunday, Wright said more than 20 million barrels of crude left the Arabian Gulf region, a level the Secretary of Energy said was above the pre-conflict average.

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