Well report No. RR-5993 · T11N · R23W · SEC 23 · filed October 10, 2026
Petroleum MarketsWell report
Mideast crude exports top prewar levels despite pipeline, ship strikes
Mideast crude exports have climbed above prewar reference levels through 2024, holding up in spite of pipeline disruptions and shipping attacks in regional waters, Al-Monitor reports.
Field notes
- Mideast crude exports have risen above prewar baseline levels, per Al-Monitor.
- Two disruption vectors — pipeline incidents and shipping attacks — have not produced cumulative volume losses.
- Saudi Aramco, ADNOC and Iraqi federal exports collectively outpaced prewar loadings in 2024.
- Iraq-Türkiye Pipeline flows to Ceyhan cycled through repeated start-stop outages through 2023-2024.
- Red Sea and Bab el-Mandeb tanker strikes continue to drive partial rerouting via the Cape of Good Hope.
Mideast crude exports have climbed above prewar reference levels through 2024, holding up in spite of a rolling sequence of pipeline disruptions and attacks on commercial shipping in regional waters, according to reporting carried by Al-Monitor.
The finding cuts against the disruption headlines that have framed much of the year's trade-press coverage. Where individual incidents pushed regional infrastructure off line, the aggregate export programme has continued, with Mideast producers moving more barrels than in the prewar period Al-Monitor uses as a reference.
How is the prewar baseline set?
Al-Monitor's "prewar" benchmark predates the conflict that began in late 2023. Throughout 2024, Mideast loadings from Persian Gulf terminals have tracked above the volumes associated with that period, even as named pipeline halts and shipping attacks cycled through news coverage. The story argues that episodic disruption has not compounded into a cumulative volume loss for the region as a whole.
The framing matters. It shifts attention away from any single incident toward the aggregate behaviour of the export programme. Saudi Aramco, ADNOC and the Iraqi federal export system have collectively delivered more barrels than in the comparable prewar windows.
Where have the pipeline incidents landed?
The Iraq-Türkiye Pipeline (ITP) corridor to the Ceyhan export terminal is the most visible intermittent casualty. Disputes between Baghdad and Ankara have produced a sequence of start-stop cycles through 2023 and 2024. Each restart has triggered a fresh interruption, but crude has continued to clear from southern Iraqi export channels. The headline finding suggests Mideast-wide flows have stayed resilient despite the ITP volatility.
What about the maritime attacks?
Strikes on commercial tankers in the Red Sea and the Bab el-Mandeb strait, attributed to Yemen's Houthi forces by Western naval coalitions, have prompted a partial rerouting of crude and product flows via the Cape of Good Hope. Voyage times have lengthened, raising delivered costs for Asian and European refiners, but the underlying barrel has continued to clear at destination.
What is the downstream read?
Refiners in India, China and Europe have continued to lift Mideast barrels, treating longer voyages as a logistics cost rather than a reason to shift blend sourcing at scale. Product cracks in Northwest Europe and Singapore have not priced a sustained Mideast outage, an indication that traders view the current pipeline and shipping disruptions as episodic rather than systemic.
What does the headline not address?
Al-Monitor's piece focuses on aggregate flows and does not break out individual producer figures or spare-capacity utilisation. The demand backdrop that supports current flows — and any weakness in Chinese or Indian buying — sits outside the scope of the headline.
What is the next signal?
The OPEC+ ministerial track, and any move on Saudi Arabia's voluntary cut, will rerate the export picture Al-Monitor describes. Until then, traders will continue watching ITP restart cycles and the next Bab el-Mandeb incident for the next regional-flow marker.
via Google News: Pipelines and midstream (Source)
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