Approximately 5 million barrels of oil per day are being rerouted through the Red Sea via the port of Yanbu, which has served as a critical alternative supply route for the market.

Kuwait's energy minister stated at CERAWeek that it would take two to four months for the country's oil production to recover from a disruption.

It is estimated that it will take months for oil production in Iraq and Kuwait to fully recover and return to pre-conflict levels.

The physical oil market, with Dated Brent trading at $134 per barrel, reflects significantly higher supply concern than the futures (paper) market.

The United States currently exports approximately 4 million barrels of oil per day but has the capacity to increase that to between 5 and 5.5 million barrels per day.

It will take an estimated two to four months for Kuwait and up to six months for Iraq to restore their oil production to full capacity following recent shut-ins.

The U.S. produces over 13 million barrels of oil per day but has an export capacity of only 5 to 5.5 million barrels per day due to infrastructure constraints.

Prior to the current conflict, approximately 20 million barrels of oil per day transited the Strait of Hormuz.

Approximately 5 million barrels of oil per day are currently being rerouted through the Red Sea from Yanbu, Saudi Arabia, which has acted as a release valve preventing crude prices from reaching $150 ...

Rebecca Babin predicts U.S. oil exports will increase from 4 million to 5 million barrels per day in the coming weeks.

The physical oil market, with dated Brent trading at $134 per barrel, indicates a tighter supply situation than the paper futures market suggests.