In June, oil exports in the Gulf region surged, with the United Arab Emirates reaching a record high in crude oil shipments.

date
03/07/2026
Data shows that the oil exports in the Gulf region in June increased by more than 3 million barrels per day compared to May, surpassing 10 million barrels per day, but still 40% lower than pre-war levels. The UAE has led the recovery of the oil market, allowing millions of barrels of crude oil stranded in the Gulf region to enter the international market, enabling producers to increase output and lower oil prices to pre-war levels. Data from Kpler shows that the total exports of crude oil and condensate from Saudi Arabia, the UAE, Kuwait, Iraq, and Iran increased by over 3.5 million barrels per day in June, reaching 10.07 million barrels per day. Another freight analysis company, Vortexa, estimates that the oil shipments in June were at 10.2 million barrels per day, higher than the 7 million barrels per day in May, but still far below last year's 16.5 million barrels per day for the same period.