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Shell CEO says Middle East oil flows have recovered to over 80% of pre-conflict levels.
Shell CEO Wael Sawan stated at the Energy Intelligence Forum in London on October 6 that, despite ongoing regional conflicts, oil flows from the Middle East have now recovered to over 80% of pre-conflict levels. He believes this demonstrates that Middle Eastern oil-producing nations are still striving to fulfill their commitment to global energy supply, but also emphasized that oil flows through the Strait of Hormuz have not yet returned to normal levels.
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