Middle East oil flows at 80% of pre-conflict levels as Saudi Aramco flags inventory concerns

Oil flows from the Middle East have recovered to approximately 80% of pre-conflict volumes, according to Shell's chief executive, providing one of the most authoritative updates on regional export recovery.

Saudi Aramco has warned that rebuilding oil inventories to pre-conflict levels could take up to two years, signalling a prolonged period of market tightness despite the partial recovery in production flows from the region.