Defying war fears, Gulf oil producers keep massive crude flows moving through Strait of Hormuz
Gulf oil producers are moving far more crude through the Strait of Hormuz than many expected possible, using US Navy-backed workarounds to keep one of the world’s most important energy corridors operating despite Iran’s pressure. Oil and petroleum-product flows through the strategic waterway averaged 13.1 million barrels per day last week, according to marine-tracking firm Kpler. That is just…
We haven't written up this one. Gulf News has the full story — the link below goes straight to it.
