Vitol says Middle Eastern oil flows are restored, but the shipping crisis deepens
智通财经2026/10/06 14:06Vitol CEO Hardy stated that the Middle East has restructured its oil trade through bypass routes and shuttle transportation, with the flow of crude oil and refined products recovering to around 14 million barrels per day. However, he warned that Western inventory buffers have been largely depleted, and if these flows are lost, oil prices could face a scenario of 200 dollars per barrel. Hardy pointed out that the crisis has shifted from crude oil to refined products, and now to shipping—with a shortage of vessels and ships attempting to pass through the Strait of Hormuz facing attacks almost every night.
- Vitol CEO Hardy stated that the Middle East has rebuilt its oil trade through alternative routes and shuttle transportation, with crude oil and refined product flows recovering to around 14 million barrels per day.
- However, he warned that Western inventory buffers have been largely depleted, and if these flows are interrupted, oil prices could face scenarios of $200 per barrel.
- Hardy pointed out that the crisis has shifted from crude oil to refined products, and now to shipping, with ship shortages and vessels attempting to pass through the Strait of Hormuz being attacked almost every night.
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