9.5 Million Barrels per day not flowing through Strait of Hormuz, could be more because of Fujairah (??) That's more than all of Saudi production
Javier Blas
Javier Blas17 hours ago
Pre-war Strait of Hormuz *crude* flow: ~15m b/d My current flow assumptions: Iran: ~1.2m b/d (SoH) UAE: ~1.8m b/d (Fujairah) KSA: >2.0m b/d (Red Sea above pre-war) Plus ~0.5m b/d (SoH tankers with AIS off) Total: ~5.5m b/d (~35% of pre-war) Saudi flows to rise by Thu-Fri
Some of this is going to come back online through Saudi East-West Pipeline I don't want to be a doomer but the facts as I perceive them are not encouraging
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