Gulf crude oil exports 13.9 million barrels, Hormuz throughput 10.9 million barrels

The International Energy Agency’s October oil market report, released October 14, estimated that Persian Gulf producers exported 13.9 million barrels per day of crude in September, while total crude flows through the Strait of Hormuz were 10.9 million bpd and exports bypassing the strait were 5.6 million bpd. The IEA figures cover different scopes and routes, so the three numbers are not directly comparable as a single metric. The report also references U.S. Energy Information Administration data on crude and petroleum products transiting Hormuz. The breakdown matters for assessing how much Gulf supply depends on the strait versus alternative routes. Watch next for updated IEA and EIA monthly estimates on Hormuz transit volumes and bypass capacity.