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Middle East crude exports near pre-war levels, but oil market remains cautious amid supply concerns.

Market News
30 Sep 2026
Seeking Alpha
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Neutral
Middle East crude exports near pre-war levels, but oil market remains cautious amid supply concerns.

Middle East crude oil exports have reportedly recovered to about 17.5 million barrels per day, nearly 98% of pre-war levels, according to JPMorgan. However, flows through the Strait of Hormuz remain lower than before the conflict, at around 13 million barrels per day compared to 17.1 million previously. Despite this recovery, oil traders remain skeptical about the durability of current supply levels, especially with Russian diesel exports down 71% and ongoing debates over U.S. export curbs. Brent crude prices continue to trade above $100 per barrel, reflecting market concerns about supply stability amid geopolitical tensions.

The energy crisis and its downstream effects provide context for this snapshot of the Energy sector on Pluang as of Sep 30, 2026 20:03 WIB: Among 38 priced US Energy stocks, 32 rose and 5 fell. Sunrun Inc (RUN) showed a strong buy interest with 97% buy orders and a price of USD 7.80, while EOG Resources Inc (EOG) had a more balanced order activity at 54% buy and 46% sell at USD 141.00. First Solar, Inc. (FSLR) stood out with 100% buy orders and a price of USD 178.37, reflecting varied investor sentiment within the sector.

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