OPEC crude output jumped by 2.34 million barrels per day in June, reaching 18.75 million barrels per day, according to data cited by La República.
The sharp increase underscores the swift normalization of Gulf oil flows after the strategic Strait of Hormuz reopened in March, following a period of closure by Iran.
Gulf oil exports climbed above 10 million barrels per day in June, driven largely by record-level shipments from the United Arab Emirates.
The production surge aligns with broader regional shipping trends.
Gulf oil exports climbed above 10 million barrels per day in June, driven largely by record-level shipments from the United Arab Emirates.
This volume spike marks a significant acceleration in regional throughput, reversing the supply constraints that had weighed on global markets earlier in the year.
Commercial shipping activity in the Strait of Hormuz has accelerated sharply, reaching its highest daily volume since the waterway's closure.