How the UAE has moved more oil through the Strait of Hormuz than any other producer

The United Arab Emirates (UAE) has demonstrated remarkable resilience in navigating the challenges surrounding the Strait of Hormuz, outperforming other oil producers in the Gulf region. According to data from Kpler, the UAE has transported more oil through this contested waterway than any other producer over the past two months. This crucial role has provided much-needed relief for a global market still recovering from a historic energy crisis.

One of the key factors contributing to the UAE's success has been its strategic tanker purchases at high rates, enabling daring shuttle runs through the Hormuz. Once these tankers exit the Strait, their cargo is typically transferred to another vessel in the Gulf of Oman before being shipped to buyers worldwide. Additionally, the UAE has harnessed its pipeline infrastructure to bypass the Strait altogether, reducing its reliance on this volatile waterway.

Since the start of June, Abu Dhabi National Oil Company (ADNOC) has sold over 130 million barrels through seven tenders, a feat equal to more than a month's worth of crude demand from Japan. This impressive output is even more remarkable considering the UAE achieved it amidst a US-led bombing campaign on Iran and Iran's retaliatory actions against ships in the Strait of Hormuz.

The UAE's success has been further bolstered by its expansion plans in Fujairah, designed to lessen its dependence on the Strait of Hormuz. Meanwhile, Saudi Arabia has also managed to keep crude flowing by piping oil to its eastern port of Yanbu, although ongoing naval blockades by Iran-backed Houthis have posed challenges. Overall, ADNOC's ability to navigate these challenges has been instrumental in maintaining the stability of global oil markets.