business β½ US claims Middle East oil flows are rebounding to 15m bpd
The U.S. Energy Secretary claimed Middle East oil exports have rebounded to 15 million barrels per day. This statement was made by Chris Wright this week, referencing Sunday's traffic levels. Commodity analysts, however, noted that vessel-tracking data suggests flows are closer to 9 million bpd. This discrepancy exists despite the U.S. government asserting they have the best available data. The next few weeks will reveal the accuracy of this significant claim. π§