ReportedShipping, energy & marketsStrait of Hormuz
Rystad says Hormuz oil flows will remain below pre-war levels
- Mountain Time
- Local time
- 5:30 PM UTC
- Where
- Strait of Hormuz
Rystad Energy said Gulf oil exports through the Strait of Hormuz are recovering gradually but are unlikely to return to normalized pre-war volumes, which it put at about 18 million barrels a day versus current flows near 12 million barrels a day.
Why it matters
Lower-throughput Hormuz exports constrain the volume available to Asian and European buyers even if a limited U.S.-Iran agreement permits further recovery.
Source
- OilPrice.comoilprice.comPublished
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