Commodities Buzz: EIA says oil production in Middle East expected to rise in coming months

The US EIA stated yesterday that oil production in the Middle East will rise in the coming months because of gradually increasing flows through the Strait of Hormuz and the use of alternative routes out of the region, according to September 2026 Short-Term Energy Outlook (STEO). However, it assumes some constraints to exporting oil from the Middle East will persist through the end of the year, which keeps crude oil production in the region below pre-conflict averages until the second quarter of 2027 (2Q27).

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